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Updated about 4 years ago on . Most recent reply

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Piper Kilpatrick
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Looking for feedback on deal basic evaluation

Piper Kilpatrick
Posted

Good evening everyone.

I'm working on getting better at looking for deals. I'm working in a market I know relatively well (lived for several years).
This property looks good and wondering what others think.

https://www.realtor.com/reales...

I ran the calculator on it and it looks like a good 200-300/month return with Cash on Cash close to 8. Thoughts?

This area is great for solid renters as the local hospital has a huge residency program so there are tons of young doctors looking for solid apartments and will be around for minimum 3-5 years. They don't have deep pockets, but they have a government guaranteed salary and I happen to be in the medical field with friends at the facility and could advertise directly to the incoming doctors each year. 

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