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Real Estate Deal Analysis & Advice

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Morgan N.
  • Real Estate Investor
  • Fort Worth, TX
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35
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First Timer here: SFR 3/2/2 Fort Worth, TX

Morgan N.
  • Real Estate Investor
  • Fort Worth, TX
Posted Apr 13 2014, 13:02

I want to know what you guys think about this deal.

Asking price is $115,000 for a 3/2/2 SFR that's about 1,740sqft built in 2006 brick home. Its located in a very quiet neighborhood with a fantastic school district. There's plenty of shopping areas including grocery stores (like walmart and Kroger) and places to eat no more than a 10 minute driving away.

The rest of this is really just from Zillow. Property tax is known to be about $206/month, insurance $67/month.

I also found out the HOA fees are $300/year.

I think I can get tenants into this place pretty easily to rent for maybe $1100 to $1200/month

What do you guys think? Do I need more info?

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