I've been pretty conservative with the numbers; income lower and expenses higher.
This is in a class B neighborhood.
Median income $43k
Owner Occupied 54%
Property Tax Rate 1.38%
There is another property within the same neighborhood just a block away
of this one that was listed on realtor.com for 115k so I set the ARV
for 115k as well.
I'm new and to me this looks like a so-so deal and so I'd like to know if anyone more experienced thinks this is a good deal? Are there any experienced investors, hard money lenders who can tell me if this is a good deal?
*This link comes directly from our calculators, based on information input by the member who posted.