Updated about 12 years ago on . Most recent reply
How do you like my numbers?
Hi everyone.
524 N Robinson Harrison, AR 72601 (If you google it, it has been repainted and has a new roof)
Purchase price: $28,000 / Closing costs $500 / Remodel costs $2500 / Loan will be $0 down (leverage), 20 year @ 5% ($185/mo) / Taxes and insurance $100/mo / Expected rent $475/mo / Vacancy rate and maintenance: who knows
I thought it looked good, but can y'all help me crunch those fancy numbers? Not real sure what cap rate, etc means or how to fully interpret it. Thanks!!