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Updated over 2 years ago,
Help me to analysis this deal
I’m looking to buy a property in Brooklyn, NY. It’s a 4-family house ask for 1.7 million. Current monthly rent income around $7000. Property tax $12000, insurance &3500.
45% in Down payment , with mortgage payment of 5250/month. I got 2.6% in Cash on Cash return, Is this a bad deal? Please advise.