First Deal Analysis (insights?)
Hello:
I could use some help to see if I am missing anything on this deal. the Purchase price is $85k I think I might be able to get them down to $80k (twenty percent down $16k). Its a two bedroom one bath Condo located in South Salem, Oregon.
Revenue
Monthly Rental Rate $950
Vacancy: 10%
Monthly Actual Income: $855
Mortgage: 337
Insurance: 40
HOA: 190
Property Tax 108
Property Management 100 (Plan to Manage the Property Personally)
Total Expenses$ 775
Cash Flow: $100 with Management
Cash Flow: $200 without Management
Thanks for your help and time...