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JJ Espinoza
  • Investor
  • Los Angeles
16
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31
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[Calc Review] Help me analyze this deal - Memphis

JJ Espinoza
  • Investor
  • Los Angeles
Posted

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*This link comes directly from our calculators, based on information input by the member who posted.

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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
1,725
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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
Replied

The tax rate there is still 4.9%.  If the home appreciated +10.4% TOTAL since 2011, that tells me the area has "0" appreciation adjusted for inflation.  If I have no appreciable cash flow, I will not walk away. I will run away from this kind of deal.  Putting savings in the bank you can get close to 3% these days.

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