I am pretty sure it would not even cash flow at 5% ($7,000 down).Now if you thought it would double in price in the next three years, that's a different story, but not one I would gamble on. 

I'd let him be someone else's gamble. 

I think it's probably pretty accurate though.

We can't read your tax bill, so we can answer your question accurately.  

I agree its a bit annoying not to get the most accurate picture every month.

Willowick is a little out of my area of expertise so I don't know if the rent quote is accurate or not.I would not attempt to sell while a tenant is in there.

I was confident enough to offer $10k non refundable upfront as a show of good faith but my partner said that I can go to the casino if I want to gamble :-) Since it is my first property of this size, I listened :-) Also I'm not sure if $10k upfront would have been meaningful.Let's see what happens...Jean

I am not gambling on appreciation, but cash flow talks the talk.

Though I would not call it overkill if you use that excel model to input a more finite and accurate set of costs.  

Here are the sources that I am aware of:The MLS-I mostly use a realtracs.com-that is the most accurate according to my real estate agent.