What are you thoughts on a 350.00 cashflow townhome (2/2) 5 min near ucf/alafaya ?
The area seems a little run down, which i think is due to the lack of HOA. Students are also taking more online classes. Is anyone investing in this area due to covid and other issues i might not be aware of.
@Ricardo Torres If I analyzed a property that was in a B/C area and came up with a cash flow of $350/mo after all expenses, I would buy it. But in order to really give you an answer on your question, would need to see the numbers.
@Shawn G. thanks Shawn. Just wanted some reassurance and i was unsure of the area.
@Shawn G. Numbers Below
Cost to make rent ready: 1,500
Down Payment 20%
Vacancy 6% and
Insurance $800, No HOA, and $1,777 property taxes
Your taxes will go up/be higher with new sale and no homestead. BUT at first glance that does not look bad.
@Shawn G. thank you