[Calc Review] Help me analyze this deal
I'm crunching the numbers on this deal received from one of my realtors. I've really lowered the purchase price and even raised the rent to slightly above market but still not able to make the deal work. If only flooring, paint, landscaping, and general cleaning/make ready is what is needed (so says the realtor), I've allocated $5K in repair expenses yet still cannot see any cashflow or ROI. Anyone have any suggestions on what I could be missing on this one? As always, thanks for all your help and input. This site has been invaluable for the posts members contribute!
*This link comes directly from our calculators, based on information input by the member who posted.