Need help I feel like it's to good to be true?

[Jordan Autrey]

I am analyzing this property, after talking with the owner and the agent I feel this property fits my company's portfolio perfect but I'm using DealCheck App and never questioned the apps reports until now . I can use some help :)

$489,000 Previous Price: $485,000

Active●

# Units:2GSI:$48,000SqFt:2191Year Built:1987Ac/LSqFt:5,663/0.13

Facts & Features

List Date06-07-19

Original Price$485,000

# Buildings1

LevelsTwo

Parking Spaces5

CoolingCentral Air

HeatingCentral

LaundryInside

Gross Sched. Inc.$48,000

Net Oper. Inc.$0

Electric Meters2

Gas Meters1

Water Meters2

Interior

RoomsJack & Jill, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite

Appliances6 Burner Stove, Dishwasher, Gas Oven, Refrigerator, Water Heater

Interior FeaturesCeiling Fan(s), Recessed Lighting, Stone Counters

FlooringLaminate

Exterior

Lot FeaturesOn Golf Course

Security Features24 Hour Security, Gated Community, Gated with Guard

FencingPartial

SewerPublic Sewer

Annual Expenses

Total$0

Electric$0.00

Fuel$0

Trash$0

Insurance$0

Water/Sewer$0

Unit Details

Unit

Units:1Beds:3Baths:2Garage:3Actual Rent:$0Total Rent:$0Pro Forma:$3,000Furnished:Unfurnished

Unit

Units:1Beds:1Baths:1Garage:0Actual Rent:$0Total Rent:$0Pro Forma:$1,000Furnished:Unfurnished

# Of Units With:

Electric Meters2

Gas Meters1

Water Meters2

Dishwasher1

Range2

Refrigerator2

Wall AC1

Additional Information

Special Listing ConditionsStandard

Association Fee$495

Association Fee FrequencyMonthly

Land LeaseNo

Rent Control YNNo

50% OCCUPIED AT $1200 FOr STUDIO And THINKING $2995-3100