Helo Analyzing a deal

[Andres Garcia]

Good morning guys,

I got a deal in my hands for a short term rental that I am having trouble analyzing. It is a single family home that is already being rented as a vocational home. The owners sent me the numbers and it is grossing about 80,000 a year, with net income of about 63,000. For me the net income would be about 15-20,000 with a mortgage and all expenses. 

What do you think based on this numbers? and what should I take into consideration being a vocational/ short term rental

[Jacob Sampson]

It will depend on purchase price.  If you are buying it for $10k it sounds like a great deal.  If you are buying it for $10 million I would pass.