guys i need some experience !
Hey guys I'm new trying learn. thinking about making an offer on this one HOW MUCH WOULD YOU OFFER ? i did the 50 $ rule it said it'd cash flow $ 750 per month, i also used the BP calculator and it said it'd cash flow $720.
9 beds 4 baths 4,216 sqft
Price $460,000
Total income $4,700
45 days on the market
Built in 1969
Principal & Interest $1,580
Taxes $460 a month
Homeowners Insurance $ 100 a month
About $600 on expensive
I'm doing conventional so i have to put down 25 % that's $115,000 Mortgage payments to be around $2,100 so is this a good deal ? how much should i try to offer on it ? PLEASE LET ME KNOW IF I NEED TO GET SOME MORE INFORMATION. THANKS !!!