[Calc Review] Help me analyze this deal in South Colorado Springs
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Hi all, I am new to bigger pockets and analyzing deals. I saw this one online and have been running the calculations and it keeps coming up as a negative cash-on-cash return. Is this just a bad deal or am I running the numbers incorrectly? Is there any way this could be a good deal with a lower purchase price or other changes? Also, a possibly related question: The county assessor listed the property value at $299k so is the asking price of $460k way too high or is there a disconnect between assessor valuation and price? Thanks for any and all replies!