Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago, 09/18/2015
Need hand on a potential deal
Thanks in advance. This seems too good to be true so I need some insight.
3 family for sale for $359,000. Verified that it's fully rented for $3500 gross/month.
Tenants pay all utilities except trash removal at 900/year.
We'd put down 25% ($89,750) and finance the rest.
PITI will be an estimated $2097.58/Month
It was built in 1972, the only unknown is one of the 3 boilers (2 replaced in last 3 years). Roof is 4 yrs old, etc.
We're going to look at it tomorrow, how does it look to this point?