How do you analyze a Single Fam Buy & Hold?
Bought the most inexpensive Single Fam in my area. Literally, the cheapest SF in this particular section of Mass! Purchased a 2 bedroom home (600+ sq ft) for less than $100,000 in a nice town. Interest rate is 4% for 10 years which means the mortgage and taxes will be ~$1,100.
Will rehab (needs new stairs, interior cosmetics, landscaping, etc) and then live in for a couple years and then most likely make it a rental property (could probably cover the mortgage and taxes if rented now). Need to look at rehab costs more closely, but it definitely needs a fair amount of work.
What data can I analyze to further validate that this is a good deal? I'd be happy to share the address.