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Updated over 4 years ago,
Good deal or not ???
Hello everyone. My name is Nick from
Boston Ma ,
Went and saw a house today. It’s a 2 and a Half family house. I know it sounds weird, but it’s listed like that and. 2 units are 3 beds each and the Third floor is a two bed. That’s the only difference.
Numbers that I ran
Actually rents are $6000 per month
Unit 1-$2100. Unit 2-$2100 - unit 3$1800
Asking price 669k , 3300sq
Taxes $7800
Insurance $2400.
Vacancy at 5%
Maintenance at 7%
Utilities at $2400 per year.
20% down which $141k
Cash on cash is 15.36
The numbers seem to be really good.
Now with the rent situation being what it is would
You still pull the plug and buy it.???
Thank you!