Updated about 11 years ago on . Most recent reply
First Rental Property under contract
Assessed value: 35,000.00
Purchase Price (cash offer): 17,000.00
Cap Rate 7%
Rehab costs: 12,000.00
Monthly Rental income: 650.00
Management fee: 8%
Monthly repairs: 10%
Is this a good rental deal? I tried using the analyzer, but I didn't quite understand some of the things about the evaluation. Ideally we want to fix it up, get a tenant back in the property and sell it with the tenant or try to owner finance and sell it to someone. Any suggestions?