I paid 74000, 7400 down, 66.6k financed at 6.25% and $800 closing costs, then spent about 10k in repairs + 5k in holding costs while I repaired it, for a single family home. When I get done it could probably rent for about 1000/month. Taxes are about 2550. Water/sewer/trash is about 40/month. Insurance has been about 35/month but I understand it will go up if I make it a rental.

The house is a 3bd/1ba 1000sf house. It is a good house, solid structurally, good plumbing, hvac, electrical. It had just had a new roof on it when I bought it. It’s in good neighborhood with low crime, not a wealthy area but decent. Should appreciate at the rate of your average decent suburb of a midwest town (st. louis to be exact).

To real estate investors/landlords only: was this a good deal? How would you calculate it and other future deals? I’m new to this and trying to learn as much as I can. Thanks for the input.