Hey Bigger Pockets Family, trying to take my Real Estate investing to another level and get more feedback from the community. I'm going start by analyzing more deals so I can get feedback.
I'm looking at a house in Lithonia, GA (Note: I think it is off market now so would not be something I could actually obtain) and the information is below:
1907 Corners Circle, Lithonia, GA 30058
Purchase Price: $54,900
Single Family House: 3 bed / 3 baths / 1592 Sq Ft
Property Tax: $1,542
Median Rent: $925
Redfin Estimate: $75,000
I would put 20% down and Most likely get interest rate of 5.125% for financing. Not too sure but maybe would need $10k of work into it.
Would this be a deal you guys would do? Why or why not? Trying to further expand my existing knowledge.