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Updated over 9 years ago on . Most recent reply

Skip Gilliam's profile image
Skip Gilliam's profile image
Skip Gilliam
  • from Bluffton , South Carolina
  • Member since Nov 5, 2015
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75
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Skip Gilliam's profile image
Skip Gilliam's profile image
Skip Gilliam
  • from Bluffton , South Carolina
  • Member since Nov 5, 2015
Connect
Skip Gilliam
  • Bluffton , SC
9
Votes |
75
Posts
Buying & Selling Real Estate

Should I consider this deal for first investment?

Skip Gilliam
  • Bluffton , SC
Posted

It's  a 1120 sq ft town house 2 bed 2 bath in a great area where I live Built in 2003. Yay nay to even move forward and consider? Or should I keep looking? 

Price $130000 (close to market value)

Down Payment $2600

Rent $1300

Taxes $90

Insurance $100

PM $130

HOA $53

Mortgage $526 

$400 left after expenses not counting vacancy, or repairs cushion 

Thanks

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