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Real Estate Deal Analysis & Advice

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Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
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How do you analyze a Single Fam Buy & Hold?

Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
Posted Oct 26 2014, 12:23

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. 

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