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Updated about 5 years ago,
Buying rental property
Hi everyone, I’m trying to acquire a property in Albany, NY. Do you think I should go for it based on the numbers below?
The property price is $205K
Total Monthly income from the 3 units: $2,583.
Monthly expenses: $2,320.22
Monthly cash-flow: $262.78
Total cash needed: $14,175.00
Cash on cash ROI is 22.25%