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Updated almost 7 years ago on . Most recent reply

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146
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Adam Mittermeier
  • Specialist
  • Little Rock, AR
71
Votes |
146
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[Calc Review] Help me analyze this deal

Adam Mittermeier
  • Specialist
  • Little Rock, AR
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

This is an older house in Little Rock, AR. I don't expect it to really appreciate unless I force appreciate it. I am looking to purchase my first property and I would like any input you could offer. I averaged in 10k for a new roof, paint and drywall repair on one wall, and possibly new floors. I think I may need to bump the repair up by 3-5k though. Let me know what you think. 

Most Popular Reply

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134
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71
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Rachel Fazio
  • Rental Property Investor
  • Little Rock, AR
71
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134
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Rachel Fazio
  • Rental Property Investor
  • Little Rock, AR
Replied

How many bedrooms? The rent seems a bit high for the area. 

I probably would just do the roof and let the renters paint if they want to in that area. I don't know that it's a good business model to have the nicest house in a not great neighborhood. 

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