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Updated about 9 years ago, 09/18/2015

User Stats

25
Posts
1
Votes
Matt Crow
  • Investor
  • New Boston, NH
1
Votes |
25
Posts

Need hand on a potential deal

Matt Crow
  • Investor
  • New Boston, NH
Posted

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?