Help Me Analyze This Deal- Bakersfield, CA 93304
The property is a 3 BR/1 BA in Benton Park neighborhood of Bakersfield, CA.
I approached this as a BRRRR deal, and wrote a blog post about my sources for these numbers (including the expected monthly rental income, which I realize is extremely optimistic to many seasoned investors, when compared to Rentometer numbers).
Even at this optimistic income level, I concluded that this deal was unlikely to succeed. Nevertheless, I'd love any and all feedback on my methodology. I care much more about your feedback on my thought process than on the prospects of this deal in particular, which was more of an academic exercise than a serious consideration.
Thank you!