Deal or no deal??

[Michael Baradell]

Hey BP!!

Here's the breakdown of a rental I am looking at.

SP - $60k ( slightly below market value ) 

Terms- Bond for Deed- 3.5% down, 4% rate, 3 year term, amort 30 years. 

Market rent $800 to $850 ( $900 Sec 8 maybe more). 

Home is 7 years old and in good condition. C- area but schools are good. 

I like this property because of the terms of acquisition. 

Thoughts??