[Calc Review] Help me analyze this deal
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Narrowed my search down to a few spots in British Columbia. Wondering if anyone has invested in Port Alberni? it seems to be growing and getting safer and the south part of town has some nicer neighbourhoods and homes. Vacancy rate is around 1.5%.
Let me break down this analysis:
Home is listed at $254K and houses around it are listed for $369k and $420k. It's only 2 Bed, 1 Bath which makes me think I could make it a 3 + 2 and greatly increase the value (conservative estimating to $350K). The styling is outdated and basement is unfinished.
I tried to make a conservative analysis on this place, assuming I can get it 15k under asking as its been listed for 45 days. Any feedback is appreciated!