Deal analysis on a turnkey property in Indianapolis IN
Purchase price: $152,000
20% down: $30,400
Closing costs: $2500
Monthly rent: $1295
Monthly cash flow: $250 (after mortgage payment, property taxes, insurance, 5% vacancy, 5% repairs and maintenance, 5% capEx)
Looks like a good deal to me. Since this is my first ever real estate investment, looking for another set of eyes to look at this, and an expert opinion.