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Updated about 6 years ago on . Most recent reply

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Arron Lloyd
  • Real Estate Agent
  • New York, NY
0
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13
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Help Analyzing Deal?

Arron Lloyd
  • Real Estate Agent
  • New York, NY
Posted

Hello,

I reached out to an owner who is selling a single family 8 bedroom 5 bath today.

I initially asked if he would lease option which he isn't open to because he needs cash to continue building a home out on the west coast. 

Can someone assist in analyzing this deal or directing me on how to crunch numbers to see if it makes sense?

The property can come fully furnished.  He said he updated everything the boiler is 2018 everything new and he airbnb's it and made 69K last year from rental income. Taxes are 11K to 14K.   He said if you bought you can make money right away from airbnb'ing and it can average about 6 to 8k monthly.  It seems to me there is immediate cash flow?

His ask is 675K how does this deal sound?

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