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Updated almost 9 years ago on . Most recent reply

How to analyze MFH (multi-family house) with no comps available
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

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.