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Updated over 10 years ago on . Most recent reply

User Stats

133
Posts
13
Votes
Patrick Rowe
  • Investor
  • Baton Rouge, LA
13
Votes |
133
Posts

Need Advice on this deal

Patrick Rowe
  • Investor
  • Baton Rouge, LA
Posted

I have opportunity to purchase a single family 3BR 1.5 BA 1610 Living area with a tenant already their paying $900 per month. The asking price is $65,000 for the property. I have a banker that will do a 100 percent financing at a interest rate of 5.75 for 30 years. What do you think about this deal. Is there anything i'm missing for as expenses? What do you think about this deal?

Insurance & property Taxes $150 per month

Property Manager $90.00 per month

Vacancy - $45 per month

  • Patrick Rowe
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