I need help analyzing a potential long distance rental investment opportunity ASAP - I am in Maryland, the potential property is in North Carolina. I've run the numbers several times and they come out looking good ($450 monthly cash flow; 14% Cash on Cash ROI). I feel like I must be missing something; either that, or I've finally found the (first) deal I've been looking for.
Please respond or message me if you are able to help. Looking to talk to someone 1 on 1 to go through the deal with me.
@Ben Wilkins sorry for getting back to you so late.
The expenses would have been higher than I estimated. On top of that, I’ve been underestimating the power of value-add opportunities. I’ve been narrowing my focus on under-valued properties in the same area.