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Updated over 1 year ago on . Most recent reply

Help with deal analysis
Hi! I’m a newbe here. Need some views on this deal I’m interested in. This is my first one which I’m planning to put an offer on.
Asking price:135k
Gross annual income: 29500
Taxes:4500
Units: 4 (fully rented-all studios 2 units with long term lease and 2 month to month. Separate utilities)
Property management:10%
Roof: 2012
House needs minor repairs and Neighborhood is no so good.
Asking price seems over asking when compared to the similar properties in the areas.
Questions: 1. Looking at the numbers , what do u think? 2. what are the risks involved in buying in no so good neighborhood?
Any views on this would really be helpful. Thanks in advance!
Most Popular Reply

- Flipper/Rehabber
- Pittsburgh
- 4,081
- Votes |
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OK - it will likely cashflow, but I am assuming that, based on the purchase price, it is in a challenging area, and may be a very demanding property for a first time investor.