SFH Monthly Math (Excel)
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?