[Calc Review] Help me analyze this deal in Orlando
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Good deal or bad deal?
Original asking price is $130,000. It needs minimal work, just repainting and renovating the main bathroom. If I rent out this property to a single family this deal will work out. My vacancy rate is low as based on my research, properties stay on the market for 30-40 days on average. It's a townhome so my repairs & maintenance is really low, likewise my Cap Exp.
If I decide to rent this out to students, then it would be different as I would have to budget for electricity in the rent for students.
Thoughts?