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Updated about 2 years ago on . Most recent reply

Mohammed Hassan's profile image
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Mohammed Hassan
  • Member since Apr 27, 2023
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Mohammed Hassan's profile image
Mohammed Hassan's profile image
Mohammed Hassan
  • Member since Apr 27, 2023
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Mohammed Hassan
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Posts
Buying & Selling Real Estate

Should I put in cash offer for this property?

Mohammed Hassan
Posted

Hi,
I estimated the CAP rate which is about 6% based on below.

Listed price: $240k
HOA: $0

Taxes: $4k/yr

House type: Townhouse
Estimated rental (from realtor): $1750-$1850

Does this deal makes sense for an investment property?

Anything else should I consider?

This would be my first investment property. Hence, I wanted to ensure it is a good investment.

Thanks,

Saif

Chicago, Illinois
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