Hello,

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

Price 162,000

Cost to make rent ready: 1,500

Down Payment 20%

Rate 3.5%

Rent $1,350

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