Ok so I'm not getting in position to buy right now this is simply a learning experience for me. Could someone tell me if they thought this is a good deal. From what I know and zillow says (which I don't value their opinion all that much) this seems like an ok deal. The property is 715 Willard ave se
Warren Ohio 44484
It's a two bed one bath for 23500 most likely needs some work but over all looks good. Property taxes are about 100/month. Zillow says rent is about 695 for that area. Area is a C maybe D area. Any info in evaluating properties will help me learn and find maybe some things I'm missing. Thanks!
Biggest thing i would recommend you check are the property taxes. Make sure they are 100/ a month with no exemptions. If they currently have exemptions on the property then you can expect them to at least double depending on your area. I have a spreadsheet that we use to analyze our properties if you would like to run your deal through that let me know I can send it over to you. Best of luck.
@John Mathewson hey thanks for the reply. That would be great. Thats what I'm struggling with is pin pointing the exact expenses of the properties. I don't think the taxes will go up that much that seems like a fairly average number for the area but also how would I find out if there was exemptions, a real estate agent?
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