[Calc Review] Help me analyze this deal
This is an off-market property listed at $85K. There seemed to be a lot of interest in this property, so I anticipate at least offering the asking price.
The wholesalers' estimate of repairs was $63K. Knowing he's looking out for his own best interest, I estimated repairs at $100k. This gave an infinite cash on cash return.
As this is my first deal and I want everything to be smooth as possible, I added an additional $50K to be safe.
For $85K to purchase and $150K for repairs, the report kicked back over 800% cash on cash. Is this a correct number?
How does the deal look overall?
*This link comes directly from our calculators, based on information input by the member who posted.