Real Estate Agent · Dallas, TX · Member since 2025 · 6 posts · 2 votes
1y
The purchase price needs to be around the other sold comps which would be around $200/ SF. Which would get you around $240k purchase. Looking at the pictures the house has already been updated and ideally the seller would like to make a profit so maybe you end up at $250k. 3 bedroom homes are also renting for more than $1,900 a month. I would suggest a rent price of $2,100-$2,300 for that home based on comps. See what that does for your NOI