My first sfh real deal

2 Replies

116 purchase price 

They eat 2 percent for closing costs 2300

130k assessed

18.5 coc roi

9 pro forma cap

10.2 cap

29960 of my cash included is closing and repairs

1500 for rent

749 mortgage taxes insc

7 vacancy

5 cap

5 maintenance.  

I think this is a good deal. Your thoughts?anything else I should do or know?

Brett,  your math looks okay from what I can determine.  The question I always want to ask with rentals is "Would I let my wife drive by at night to pick up rent if I had to?".  If not, then my repairs and turnover will be higher than the norm and finding a tenant you want to keep for a long time may be more difficult.