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Updated almost 9 years ago on . Most recent reply

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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
2,094
Votes |
3,139
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How to analyze MFH (multi-family house) with no comps available

Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Posted

I'm looking for advice on how to determine ARV for a property that I'm considering to buy and hold. it is a 3 family house in Clifton NJ. I found some comps for 2 family houses, with different number of bedrooms and bathrooms, but nothing same or close to this house. Any recommendations on how can I determine whether this is a good investment or not?

Thanks in advance!

Most Popular Reply

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153
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39
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Michael Healy
  • Investor
  • Great Barrington, MA
39
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153
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Michael Healy
  • Investor
  • Great Barrington, MA
Replied

My suggestion would be to assess the actual revenue and expenses and look for minimum 10-15% cash flow. Offer whatever will get you to your desired rate of return, factoring in repairs.

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