[Calc Review] Help me analyze this deal
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Hello,
I'm hoping I can get some eyes on this deal to help me determine if it's a good purchase for my first investment property. I'm hoping to rent it out as a MTR since it's 1 mile from the major hospital. It does cash flow as a long term rental, and it should cash flow about $975 as a MTR & $1771 as a STR.
My concerns are that it's being sold "as is" and the real estate agent said the following about it:
"The HVAC is old and the Roof is 15+ years old. That’s where the “as-is” comes in, per the listing broker. The area is in transition but its location is really good. There’s a lot of rehabbing and restoration efforts in that area which is why I’m pegging it as a property to look at."
Any info is helpful!