1st Deal analysis! Go or No go?
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.