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Updated over 9 years ago on . Most recent reply

User Stats

148
Posts
27
Votes
Kevin Izquierdo
  • Hillside, NJ
27
Votes |
148
Posts

Is this a Good Multi Family Investment Property?

Kevin Izquierdo
  • Hillside, NJ
Posted

https://www.biggerpockets.com/calculators/shared/3...

Id like to know if the BP community can help me identify if this is a good investment or not Or point out some discrepancies in my analysis.

My goal is cash flow, but will settle for tenants covering the payments.

Most Popular Reply

User Stats

21
Posts
11
Votes
James Leake
  • Residential Real Estate Broker
  • Belleville, NJ
11
Votes |
21
Posts
James Leake
  • Residential Real Estate Broker
  • Belleville, NJ
Replied

Hi Kevin,

I'm from New Jersey as well and I have been a broker here for 10 years. I sold property in that neighborhood and just looking at your analysis it seems pretty solid and on point! The only discrepancy on the analysis is that you have "after repair value" of $160k because that's a two family and in that neighborhood it should be about $225k. Good luck!

James Leake

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