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Updated about 7 years ago,

User Stats

8
Posts
4
Votes
Daniel Pichardo
  • New York City, NY
4
Votes |
8
Posts

Help? Is this a good deal

Daniel Pichardo
  • New York City, NY
Posted

There’s a property I’m cosidnering purchasing. It has a tenant for the next year and a half. I’ve calculated for various annual expenses such as cap-ex ($800), R$M ($800), vacancy 5%,, etc. it’s built 2014. In a decent area (3/5) with job growth and rent growth guaranteed. I will make back investment in less than 5 years. However, after all expenses the cash flow is low. Is this worth it? It’s my first investment and I fell this is the best deal I’ve found. 

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