Updated over 10 years ago on . Most recent reply
Is this 3/2 in Indianapolis a deal?
The property is on the west side of Indianapolis off of 10th and girls school rd. I plan to rehab, refi, and rent it for 3 to 5 years and then sell.
Purchase price is 77k
Repairs 18k
ARV is 115k
Loan costs 5k
Rent 1100
After refi I should only have about 9k left in the deal
Cash flow after mortgage and expenses should be a little more than $200 per month
I am having a little analysis paralysis on this and would like some advice if I should proceed with deal as is.