Updated over 9 years ago on . Most recent reply
Coming Into The HOME Stretch!
So after analyzing deal after deal, podcast after podcast, I've struck a verbal agreement with a family friend to purchase a home he's been renting to his sister-in-law. Please PLEASE check my numbers to see if I'm a fool or a hero:
Agreed price: $40,000 + closing costs
Zillow Estimated Value: $67,000
3 bed, 1 bath, 1399 sq ft, built in 1950
Port Vue, Pa
Taxes: $1683
Estimated Insurance: $600
Zillow Estimated rent: $850
Projected monthly payment (PITI): $346
Projected profit: $79
Thoughts?