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Updated over 3 years ago, 08/17/2021
Please Help with analyzing First Rental Deal.
I need help analyzing my first property I put an offer on to make sure it makes financial sense. Details are below:
Side By Side Suplex in Ilinois
each side is 2 bed 1 bath ( no basement) Very nice clean property that backs up to local park on a Cul-de-sac.
Price $215,000
Current Tenants Rent = $1450.00
Property Taxes is $3400.00
Insurance is $1450.00
Please help me break this down to determine if its a worth while investment.
I originally believed it was, but starting to question it now. What do you believe rents should be or is it good to go?
Thanks in advance!!