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Updated almost 15 years ago,
Do the numbers make sense on this deal?
I am brand new to this forum and Real Estate investing in general, so take it easy on me. I have found what seems to be a possible deal on the surface, but was looking for some feedback from the vets here. Multi family home with an asking price of $360,000 with rental potential of roughly $4,200 per month. Condition seems to be good, but not great. I know it doesnt quite make the 2% rule, but the home is undervalued IMO compared to comps in the area. Opinions?? What other info would be helpful to determine if this makes sense?
Matt