All Forum Posts by: James Back
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Post: Help Me Analyze this Property Hamilton Ohio
James Back
Posted
Pro Member
- Rental Property Investor
- West Chester Ohio
- Posts 44
- Votes 45
I am looking at purchasing my second rental property in Hamilton OH and am looking for some advice. Its a current rental property, and the owner is selling it because he is moving across the country. Please let me know if my numbers below make sense, and any advice you have buying a rental property with existing tenants.
House Sq feet: 1900
Current Rent: $950/month (Tenant covers all utilities and lawn care)
Asking Price: $70,000
Condition: Good not great
My calculated cash flow: $443 (Before taking Vacancy (7%) and Capex (8%) out)