[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
PLEASE DISREGARD MY PREVIOUS POST. I FORGOT TO INSERT THE CURRENT RENT . $1890 is not current rent, $1550 is current.
This is two houses paired together for a total of $440K so I have assumed they are each $220K. The current rent for one of them is $1550. I need to know if the other numbers I have used seem reasonable because right now the calculator is telling me this is not a deal I want to do. $220 x .7 = $161K minus $30k rehab = $131K purchase price.
"Holding Costs" - could someone define those for me? I see nothing on the calculator that does that. A SUGGESTION FOR THE CALCULATOR.
Thank you for your help.