[Calc Review] Help me analyze this deal - SFH Dallas

[Kate Beers]

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

Ok, am I doing something wrong or just not coming across any good deals 🤔

[Greg Scott]

You are buying a turn-key rental which is why the returns look terrible. The house is nicely rehabbed and you are paying full-price because you are competing with owner-occupants.

In contrast, look at a house like this one.  It is ugly, and priced low at $150K.  Similar sized homes in that area sell in the 250K to $300K range after they are fixed up.  That is a gap of $100K to $150K from ugly to beautiful house.  If you can rehab the house for less than that, say $50K, you will capture equity doing the rehab and almost certainly have great cashflow.