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Updated over 6 years ago, 07/22/2018

Account Closed
  • Paterson, NJ
18
Votes |
119
Posts

is there a free site or app to analyze a rental 5 years & not 1yr

Account Closed
  • Paterson, NJ
Posted

im planning to buy a 3 unit property in NJ here is the details

purchase price $369000

seller concession $10,000

closing cost $15000

downpayment $18500

rate 4.651%

1st floor 3 bd 1500

2nd floor 3bd 1418 (section 8) hoping to get $100 or more 

3rd floor 2 bd 1250

property taxes 11500 ( with town stating 2% increase upcoming year) so add 300 to that

insurance is 200 a month estimate 

water is 200 a month est

repairs 200 est ( was recently rehab 5 years ago)

vacancy 200 est

misc 100 est

total cash down is 23k for everything reserves taxes etc since 10k concession is going towards closing im

living in one of the unit's bedroom with cousins so i expect to net $600 a month and live rent-free. the basement is unfinished but would like to find an investment app or site that will show me 5 to 10 years from now how this investment will be seeing how i would live in the property for 1 year. 



















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