Updated about 6 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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@Jermaine Chad Ingram that cap rate is awful, like really bad. You can get homes in really nice neighborhoods with returns like that. Based on price I'm assuming this isn't a great area, also being built in 1939 comes with far more maintenance and repair costs than a newer home. Run away and never look back. Your vacancy might be a little high but the rest of it is scary especially with insurance at that price. Insurance expense alone is the full cost of the house in just under 15 years.