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Updated about 10 years ago on . Most recent reply

User Stats

73
Posts
4
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Victor Rios
  • Investor
  • Humble, TX
4
Votes |
73
Posts

1st Deal analysis! Go or No go?

Victor Rios
  • Investor
  • Humble, TX
Posted

So after months of looking for my 1st investment home. What do you think of these numbers? I am new to this but learning !  In a descent neighborhood with great schools. 3bedroom/2bath. The house is rent ready also.

SP 109k

taxes  2.87  / 3100 a month

ins 950 

vacancy 7%

rent 1200

repairs annually 500   estimate

20% down 4.9 int 30 yr.

What do you think ?  I'm getting around 250 cashflow.

I can probably get more on rent but going worst scenario.

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