How is this for a deal?
So a tk property(sort of- they dont own the property) company, shows me a property in Euclid Ohio, Its an SFR with 3bed/2bath property- going by the photos seems reasonably well rehabbed. Its going to cost almost 70k and they think it could be rented for 900-1000. The purchase price is 60-65k, but the company adds a fee of 3.5% on top of it, plus some other rehab expenses. (Very dismayed about the 3.5% which I have to pay as the buyer).
Its a C class neighborhood it looks like. Is this worth pursuing further, on paper- it does make mathematical sense. Can I do better?
The house looks quite good in photos(brick house and beautiful and its hard not to think about it)