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Updated almost 8 years ago,
Help analyze a property.
Dear members,
My name is Moshe, very new to RE investing, reading and learning as I go. I was able to meet a wholesaler with the following deal:
Location: Shamokin, PA
Age: 50 years
Units: 10-2 BD's and 10-1 BD's
Average Rent: $600 to $750
Property is vacant but has high demand for tenants
Market rent same as average rent
Semi pitched roof needs minor patching
All utilities are metered for each unit both electric and water - tenants pay all utilities
Property tax: $2500 a year
Needs full renovations
Terms: Pay in full $275k or 100k down with 4 years of installments for total $325k
I would appreciate any pointers to help me analyze this deal.