1st rehab deal - what do you think - Austin

[Ron K.]

Hello

I wanted to run some numbers by you all.

Here is what I am looking at.

Home is bank owned due to foreclose -2000 soft
Asking $173k
CMA's for sale put it at $225-250k range at optimal condition.
Lease comps are in $1900-2000 month range.
I estimate 25k in rehab.
My goal is to hold and cash flow.

I am not going in at 173k, but what would you look at in terms of making these numbers work for you?

Thanks