Is this a good or bad deal?

[Christian Barraza]

155,000.00

Closing costs 4,650.00

Rehab costs 7,000.00 for roof kitchen and flooring

5% interest rate

Monthly rental income 1,400.00

Monthly taxes 420.00

4.4% Cash-on-cash ROI

8.6% total ROI

155.00 cash flow

Good or bad deal?

[Charles Carillo]

@Christian Barraza

Have you factored in insurance and repairs and maintenance? If you have tenants that stay for 1 year at a time and then you need to; repaint, clean and re-rent; any profits you made during the year will be spent between not collecting rent for a month and the make ready.