Would you do this deal

[Jessie Redd]

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[Jaycee Greene]

Quote from @Jessie Redd:

Not really

@Jessie Redd Got it! Just as an FYI, the FMR for a 3 Bed unit is $1,240. Given this is a rural zip code, I'm assuming you're financing this with a local bank or credit union?

I ran this through a proforma (deal analyzer) that I built myself that I use for my REI clients and I would suggest you're paying too much given the rents you're charging and that you need to do $10k of rehab to rent one of the units. Using a 7.25% cap rate, I'd recommend a $160k purchase price. Just my 3 cents!