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17
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3
Votes
Rob MacSwan
  • Rental Property Investor
  • Lexington, KY
3
Votes |
17
Posts

Need help with first deal

Rob MacSwan
  • Rental Property Investor
  • Lexington, KY
Posted Oct 25 2017, 18:02

Not sure what info is needed but check out the below and let me know what you all think. What am I missing? Thanks so much!

3br 1 bath 870 sq ft single family in Richmond, va

Listed for $65k (my agent expects a sale price closer to $70-$75k)

Approx $2000 for repairs and improvements

Rent $1100-$1200

30yr Mortgage, tax, insurance approx $425/month

Management fee & and repairs approx $330/month

Cash flow- approx $350

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