Updated over 16 years ago on . Most recent reply
Analyzing this Deal
SFH that is a potential deal.....
Purchase Price - $75,000
Gross Rents - $995
Debt: (30 yr 7% $75,000) - $498
Operating Expenses-$498
$995-$498-$498= Break Even
Putting 20% down....
Purchase Price - $75,000
Gross Rent - $995
Debt @ 20% down- (30 yr 7% $55,000)- $366
Operating Expenses-$498
Cash Flow = $131
Does this look correct?
Is this considered a bad deal since the property didn't cash flow when the down payment wasn't included?