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Updated over 4 years ago,
investing in Allentown suburbs
Hello BP family,
i have closed a deal in Breinigsville(Allentown suburb)
townhome PP:$250,000, 25% down for 30 years, 3.25 APR, PIMI:$1196, Rent:1950. HOA and utilities is paid by tenants.
This deal doesn't satisfy 1% rule neither did i look for equity while buying it. i was only looking at cashflow and neighborhood. Does this seem like a good deal or I should up my game moving forward? what else should i be looking at/ what did i do wrong in this deal? any advice is highly appreciated.