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Real Estate Deal Analysis & Advice

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Brian Baumann
  • Rental Property Investor
  • Mankato, MN
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Double check my analysis of this deal

Brian Baumann
  • Rental Property Investor
  • Mankato, MN
Posted Sep 25 2020, 17:46

What do you think of this property for my first deal. SF 5 bed 2 bath currently rents for $1675 and leased through July 2021. It wouldn’t need much done probably just some light cosmetic work. I plan on putting 20% down.

Purchase $165,000

Rent $1675

Taxes $1400

Estimated insurance $1,000

Property management in this area is 8% plus one months rent for tenant placement.

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