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Updated over 6 years ago,

User Stats

258
Posts
63
Votes
Isaac El
  • Springfield Gardens, NY
63
Votes |
258
Posts

Trying to do my first investment - can you help me evaluate deal?

Isaac El
  • Springfield Gardens, NY
Posted

I found a property - its a small duplex.

It is two - 2 bedroom apartments

1st unit - paying $1,500 month

2nd unit - paying $1,300 month (not paying rent currently)

Total income $2,800

Tenants pay all of their own utilities

Land lord paying Taxes $3,300/year and water

Will need new paint, and some touching up.

Owner asking $575k

I am want to put an offer in, want to know if you experts out there could tell me if this is a good deal/bad deal and any input.

Thank you

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