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[Calc Review] What am I missing?
*This link comes directly from our calculators, based on information input by the member who posted.
We checked this place out yesterday. I am especially curious what out-of-town investors would do with this place if it caught their eye. We are also really curious what the general consensus is of the numbers. Are we too far off?
Supposedly investors have checked this place out and all have given a hard no. Finding comparables for this house was hard, as there are no houses with this many rooms unless they're outside of town and on ranches - very different.
For the ARV I went with the average house prices in the neighborhood. For the repair estimates, I overestimated the heck out everything that needed done. Major appliances appeared brand new.
The numbers appear to work, so what are we missing? Looking forward to your input!