[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
It's really helpful to provide a bit more context on the reports.
What I'm seeing here is a really light rehab ($15K) that generates $60K in equity value, and then breakeven afterwards... with self-management.
I'd bias you to underwrite with property management.
This deal is close, but no cigar based on these numbers. I'd either pass, or consider just flipping it.
Of course, that assumes all your assumptions are accurate - I'm not in Dallas, so can't provide guidance on those.
Thanks, Scott, for the quick response. The property doesn't work with PM - but I'm 20 minutes away so was intending to self-manage.
Agreed. Thanks!
Why dont you have property insurance in your calc? Or did I miss it?
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Real Estate Agent
- New Western
