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Updated about 10 years ago on . Most recent reply

User Stats

126
Posts
73
Votes
Michael Glunk
  • Real Estate Agent
  • Evergreen, CO
73
Votes |
126
Posts

Buy & Hold Deal Analysis Advice Needed

Michael Glunk
  • Real Estate Agent
  • Evergreen, CO
Posted

Hello All! I was hoping to get some thoughts on this deal that I am looking to buy and hold. Any thoughts are appreciated. 

Thanks,

Michael

Purchase Price: $120,000

Rent: $1,800 (It's currently under contract through July 2016)

Location: Walkable to 2 universities and the down town area

Closing Costs: $3,000 

Property Management: 10% I live out of state

Taxes: $3,400

Insurance: $1,000

Vacancy Rate: 5% (based on talking to multiple rental owners and mgt companies

Maintenance Costs: Personally I use $2,400 ($200 per month)

Thoughts?

Most Popular Reply

User Stats

985
Posts
373
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Brent Paul
  • Rental Property Investor
  • Shakopee, MN
373
Votes |
985
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Brent Paul
  • Rental Property Investor
  • Shakopee, MN
Replied

It looks like that might be a viable option.

All fees not including the mortgage would probably run $900

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