Updated almost 9 years ago on . Most recent reply
20 year old first Deal Analysis
I am a 20 year old college student thinking about investing in my first property. Here are the details:
It is a duplex, currently renting for $900. The listed purchase price is $74,000 and think I can get it down to about $65,000 and doesn't need any major repairs and is live in ready. The tenants wish to stay. And I know this compensates for the 1% rule and the cash flow is $206 which is a number I am happy with. The CoC ROI looks about 14.98%. It is in a price range I can afford and have pre approved for a FHA Loan. Based off these numbers (and let me know if I'm missing any) does this investment make sense?
Would love feedback and would be grateful of any help. Thank you!
