What rate for 30y mortgage w/25% down 420K invest proper 3units

[Najat F Kessler]

This is my first post here so please be gentle :D 

I am looking to buy my first investment property. A 3 units multifamily at 420K, brings in over $3700/month. I got 5.99 as a rate for a 30 years mortgage.  Should I shop around or is this a good rate? I have a credit score above 760. 

Please enlighten me.

Thank you,

Najo

[Scott D Burrows]

@Najat F Kessler

Highly recommend calling @Diana Muresan . Rate seems a bit too high and I think you could work your angle differently.

Have worked with Diana and highly recommend. She is licensed to lend in all 50 states.

Agree with @Justin Kane completely and I would second that motion. House hack this one for sure. The amount you will save going conventional will save you thousands in the long run and increase your cash flow.

By the way, great job with this find. Great opportunity and you will smash it out of the ballpark I have NO DOUBT!

Good Luck,

Scott