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Updated almost 9 years ago,

User Stats

24
Posts
1
Votes
Tinu Matthews
  • Glassboro, NJ
1
Votes |
24
Posts

HELP! Is this a good deal or not?

Tinu Matthews
  • Glassboro, NJ
Posted

I'm looking into purchasing my first property. . It's a hot spot for student rental. .25 miles from university but in a residential area.  No repairs that I see yet. Just Renovated. 

Sell price 159,000 3b/1b 

Down payment 15% closing costs 5,000

Taxes 4780/ year

Comparable homes rent for 2000/ month 

Mortgage ins. $67

PM 10%

Repairs 5%

Utilities 5%

I'm sure I'm missing a few things. I would appreciate any feedback. 

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