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Real Estate Deal Analysis & Advice

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Rob A.
  • Washington D.C.
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14
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one more try...

Rob A.
  • Washington D.C.
Posted Apr 5 2009, 14:27

Found another one...

Value about 90k, think I can get it for 60k

Basic number:
Rent $1000 - $1200

Expenses: $500
NOI: $500
Mortgage at 6%: $360
Cash flow: $140

Seems to work. My one concern is that I don't expect much appreciation on the unit, not that it is in a bad area, just an older area.

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