What Do You Guys Think About This?

3 house deal

4/2 frame (2nd bath not working)

1/1

1/1



79,900 asking for all 3

254 days on market



the one bedrooms are rented for 275 a month right now, and the 4 has relatives living in it, but should rent for $550 or so.



the houses are in a decent area, and in decent shape. the main house sq. footage is 1487.

amenities: central air, double garage, covered porch,



just trying to learn how to value these things. thanks



Robert







[ Edited by anoutsidedog on Date 03/13/2006 ]

Comments(2)

  • clevincc13th March, 2006

    On the surface it does not sound too bad...but I am missing some info.

    What are the taxes and insurance going to cost? How much will the mortgage cost you? Basically you need to work out a balance sheet...this much is coming in this much is going out.

    What condition are the house in?

    Are you buying for cash flow or appreciation?

    Curtis

  • jonc_7717th March, 2006

    Sorry about the format of the above post. Please email me or PM me and I can send you the form.

    Thanks,
    [addsig]

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