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Real Estate Deal Analysis & Advice

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Jonathan Napper
  • Louisville, KY
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Small SFH Opinions - You buy off these numbers?

Jonathan Napper
  • Louisville, KY
Posted Aug 29 2014, 18:43

I am just curious if anyone else thinks these numbers are good. It's a 2/1 SFR 648 SQFT, .4 acre lot that backs up to elementary school. Interior & Exterior are fine. Siding. Taxes are $243 per year.

Purchase Price - $26,000 

Mortgage - 0

Repairs - $1,000 (Its clean and well kept)

Total Cash Outlay - $27,000

Gross Rent - $540 (Rentometer.com says $590)

50% Rule - $270

NOI - $270

COCR - 1% Per Month

What do you guys?

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