Deal Analysis on a Condo in Florida
Condo Rental Deal Analysis
Purchase price $54,000
Location Broward County, Fl.
Type property Condo
Beds 2
Baths 2
Sq Ft approx. 1000
Down payment 20%
P & I $204
Taxes $38
HOA $274
Insurance $53
Total $569
Expenses
Vacancy 5% $70
Property Mgmnt $140
Capex 5% $70
Total with expenses $849
Rental income estimate $1400
Positive cash flow $551
This seems like a good deal to me -
Am I missing something ?
Like a possible Membership fee ?
Or a policy that does not allow investors ?
I got most of these numbers from Redfin
Thank you !
Most Popular Reply
Check for the condo association rules as they may create problem with your tenants.
Ask also if they have any special assessment planned and the status of their reserve.