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Jaycee GreenePro Member
Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
1y
Quote from @Kate Beers:
Quote from @Jaycee Greene:
Quote from @Kate Beers:

Nice looking property, but only $4 cashflow. Maybe I'm being too conservative with my expense estimates?

View report

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

Hi @Kate Beers. Did you get a quote on the interest rate or did you come up with that on your own? IMO, I think it's too low. Your taxes seem VERY low - is there a tax abatement attached to this property? I ran some quick comps on rent in that zip code and the most I could find for a 3 BR is ~$1,500

If you really like this property, I suggest offering $170k and perhaps agreeing on a counter at $180k.

Hi @Jaycee Greene, thanks for your review! The interest rate I guessed at. I have not gone to the bank yet but hope to today to see officially what my rate would be (from Chase) to use going forward. The taxes I pulled from the BP listing for this property. When I run the numbers more 'officially', should I google the city/county current property tax rate against the asking price or do you have a better suggestion? And can you please share how you check for comps on rent? Thanks!

 @Kate Beers Just sent you a DM/CR about this and the FW triplex! Happy to help.

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Kate Beers:

    Nice looking property, but only $4 cashflow. Maybe I'm being too conservative with my expense estimates?

    View report

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

    Hi @Kate Beers. Did you get a quote on the interest rate or did you come up with that on your own? IMO, I think it's too low. Your taxes seem VERY low - is there a tax abatement attached to this property? I ran some quick comps on rent in that zip code and the most I could find for a 3 BR is ~$1,500

    If you really like this property, I suggest offering $170k and perhaps agreeing on a counter at $180k.

    • Member since 2025 · 13 posts · 1 vote
      1y
      Quote from @Jaycee Greene:
      Quote from @Kate Beers:

      Nice looking property, but only $4 cashflow. Maybe I'm being too conservative with my expense estimates?

      View report

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

      Hi @Kate Beers. Did you get a quote on the interest rate or did you come up with that on your own? IMO, I think it's too low. Your taxes seem VERY low - is there a tax abatement attached to this property? I ran some quick comps on rent in that zip code and the most I could find for a 3 BR is ~$1,500

      If you really like this property, I suggest offering $170k and perhaps agreeing on a counter at $180k.

      Hi @Jaycee Greene, thanks for your review! The interest rate I guessed at. I have not gone to the bank yet but hope to today to see officially what my rate would be (from Chase) to use going forward. The taxes I pulled from the BP listing for this property. When I run the numbers more 'officially', should I google the city/county current property tax rate against the asking price or do you have a better suggestion? And can you please share how you check for comps on rent? Thanks!

    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      1y
      Quote from @Kate Beers:
      Quote from @Jaycee Greene:
      Quote from @Kate Beers:

      Nice looking property, but only $4 cashflow. Maybe I'm being too conservative with my expense estimates?

      View report

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

      Hi @Kate Beers. Did you get a quote on the interest rate or did you come up with that on your own? IMO, I think it's too low. Your taxes seem VERY low - is there a tax abatement attached to this property? I ran some quick comps on rent in that zip code and the most I could find for a 3 BR is ~$1,500

      If you really like this property, I suggest offering $170k and perhaps agreeing on a counter at $180k.

      Hi @Jaycee Greene, thanks for your review! The interest rate I guessed at. I have not gone to the bank yet but hope to today to see officially what my rate would be (from Chase) to use going forward. The taxes I pulled from the BP listing for this property. When I run the numbers more 'officially', should I google the city/county current property tax rate against the asking price or do you have a better suggestion? And can you please share how you check for comps on rent? Thanks!

       @Kate Beers Just sent you a DM/CR about this and the FW triplex! Happy to help.

  • Member since 2022 · 1 post · 0 votes
    1y

    Hello Kate,

    You can use the Cuyahoga county portal to look up the property taxes, see below

    https://myplace.cuyahogacounty.gov/MainPage 

    The rent you have listed is not sustainable in that neighborhood (unless it's section 8) and the asking price only makes sense if you are an owner occupant.  

    Best of luck


    Roger 

    • Member since 2025 · 13 posts · 1 vote
      1y
      Quote from @Roger Cheng:

      Hello Kate,

      You can use the Cuyahoga county portal to look up the property taxes, see below

      https://myplace.cuyahogacounty.gov/MainPage 

      The rent you have listed is not sustainable in that neighborhood (unless it's section 8) and the asking price only makes sense if you are an owner occupant.  

      Best of luck


      Roger 

       Thanks @Roger Cheng!

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    1y
    Quote from @Kate Beers:

    Nice looking property, but only $4 cashflow. Maybe I'm being too conservative with my expense estimates?

    View report

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


     That's like a free Bud Heavy once a month.

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