Analyzing my first Deal, Seeking Advice

[Vincent Gurko]

I will try my best to be short and concise.

Available capital: $40k

Condo(s) I am considering: $30-60k

Estimated CF: 450/month, 5400/year

ROI: ~8-12%, depends on which condo specifically

They're all 1 or 2 bed, 1 baths.

Minimal work needed in units, I can do majority myself, but have two contractor friends .willing to help me out if plumbing/electrical is needed outside the basic stuff.

My money is currently invested and has only averaged about 4% the past 5 years, this past year having been down about .5%.

Would love to hear any thoughts on this scenario, i am in no rush to make my first Deal, but i would certainly rather have my money be better invested where I could actually see some returns (even the lower estimated 8% ROI sounds nice).

[Aaron K.]

Did you include all of your expenses? Property tax, HOA, insurance, repairs, vacancy etc.? Because that seems like a ton of cash flow for a condo in that price range. I'm not sure where you are so I can't speak to what those units might rent for.