Double check my analysis of this deal
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.