Updated about 11 years ago on . Most recent reply
SFR Opinion Wanted
Opinions wanted!
Purchase price: 77k
Repairs: 20k
ARV: 115k
Rents for: 1200/mo
Taxes: ~167/mo (2000/yr)
Insurance: ~83/mo (1000/yr)
P&I @6% interest: ~465/mo @20% down of cost (77k+20k=97k)
This house will need a new roof in the next year or two. This would be to keep it as a rental. Thoughts would be greatly appreciated.