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Updated almost 7 years ago on . Most recent reply

User Stats

82
Posts
55
Votes
Albert L.
  • Bay Area
55
Votes |
82
Posts

[Calc Review] Help me analyze this deal

Albert L.
  • Bay Area
Posted

Howdy folks, me again.. 

What I like: 

-Long term tenants 

-Up and coming area, close to Metrohealth

-Low property taxes (probably too low that I should be somewhat concerned...)

-Cash flow and CoC meet my criteria. Description says 1190 but I think I can increase it after seeing comps in the area and adding value back by doing some minor retouching

What I don't like: 

-Iffy-ish neighborhood. Trulia crime scores wasn't promising, though it was right on the edge of moderate

-Close to cemetery, not sure if that affects desirability 

-Not much info on mechanics and roof/foundation.. 

-Not much info on how utilities are split. Comps show that owners pay water, sewage and garbage which will cut into the cash flow 

-low ARV, comps are around similar price ranges. pictures looked like the property was rehabbed 2014

overall, seems worth it to gather more info on 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

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