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Updated over 8 years ago on . Most recent reply

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93
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G Pyros
  • Investor
  • Anderson, SC
20
Votes |
93
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SFH Monthly Math (Excel)

G Pyros
  • Investor
  • Anderson, SC
Posted

Hello all, 

I put together a spread sheet to analyze a potential home. The home is built in 1997, 75k list price but I have the negotiated 70k with 5k to fix (carpet, paint and general clean up) Rent goes for around $950/month. With 20% down, I am getting a 9% ROI cash on cash. I do not think this is very appealing myself.

What am I missing in the numbers? Would you take this deal?

Most Popular Reply

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1,032
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116
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Sean Tarpenning
  • Turnkey Investment Provider
  • Kansas City, MO
116
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1,032
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Sean Tarpenning
  • Turnkey Investment Provider
  • Kansas City, MO
Replied

Try an area with less expensive taxes. Taxes are a cash flow killer!

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