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Updated over 6 years ago, 07/22/2018
is there a free site or app to analyze a rental 5 years & not 1yr
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 imliving 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.