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Updated over 7 years ago,
Need to know if this is a good deal or not, please help
Hello everybody,
I'm trying to buy a 3 family property in Yonkers New York I need help making a decision I have done my calculations and it seems like a decent deal but I need help to make sure it is a good deal.
Those are the info of the property:
Property price $385000
Down payment: 20%
Mortgage monthly:$2174 yearly $26088
Property taxes $6300
Property Income yearly: $ 51900
Insurance yearly: $1500
Heat and water yearly: $8000
Repairs+Misc expenses (assuming, not 100% sure) yearly $2000
Can you please help me analyze the deal and let me know if it is worth going for it?
Thanks in advance