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
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

3-family in Clifton
Here are the numbers. Please let me know if you think its worth getting into. I cant decide.
Price: 365K. I have 25% for the down. My partner is getting a conventional loan for the rest at 4.5%
3 units
3 Br unit - rent $2000
1 br units(2 nos) rent $1200 each
2 car garage and 6 car parks -could fetch an additional 500 in rent.
Roof needs work. Down the line I'm thinking it may take 25-30K to paint, fix windows etc.
water and sewage expenses -2500 per year. Tenants pay utilities.
Should I go for it or let it pass? What do you think?