[Calc Review] Help me analyze this deal
Looking for my first properties. Value has drawn me to Harrisburg, PA. What am I missing on this one? No kid gloves required, please pick it apart.
Most Popular Reply
Sorry, I missed the link to the deal report. I agree with everything Ben said. The deal is not terrible, but not great. I personally think the asking price is a bit high for that part of town. A lot depends on your financing as well. Your loan terms for 30yr @ 4.5%... where are you sourcing that loan from? It looked like an owner finance deal, so those terms surely aren’t right if that’s the case. My gut tells me your p&I will likely be higher, but you know your terms better than I do.