Updated over 10 years ago on . Most recent reply
Sub 2 Could someone analyze this deal,
BP,
I am new to Sub 2, I was hoping to get some feedback on this deal.
ARV: $195K
Rental: $1850/month
Rehab: (Carpet, Granite updates in Kitchen and bathroom, fixtures, and landscaping) $22,000
Cash to take over loan: $23K+Closing
Interest rate: 4.625%
Unpaid Balance: $142K
PITI: $1650 approx
Principal: $258
Interest: $538
Escrow: $850
Maturity Date: 08/2040 Looks like 23,000 plus closing fees, plus 22,000 rehab, I would be out $45,000 approximately?