Help with first Rental Purchase in Las Vegas
Noob here. I am looking at my first rental property purchase in the Las Vegas area. I am looking at a class A, SFH. Can someone help me analyze this deal and if it makes sense, or am I being silly? I feel like its a bit tight, but the market in Vegas has been crazy.
Purchase price: $785k
Down Payment: $237k
Monthly PITI: $2961
CapEx: $75
I am looking to get 5k in rent monthly.
Thoughts?