Updated over 14 years ago on . Most recent reply
Is it a good deal?
Sold 300k as new construction in 2007, current market value for a similar ready-to-move-in house is probablly 150k. severely damaged, selling for 60k, rehab cost 45k-50k (need all the repair work, a big conern to me). Rent around 1.6k-2k. Is it a good deal? :roll:
Most Popular Reply
As a flip, $110k all-in and exit at $150k is 73% of value which is pretty good deal on homes with exit values above $100k.
As a hold, your ent range is too much. If rent is $2k, then yes, $110k all-in for $2k monthly gross is good. At $1.5k, it is tight but not a cash loser. If it is an appreciating market, you may consider that as an additional play.
This all is based only if your numbers presented are accurate.