3 Unit in Middletown PA - Is this a Good Deal

[Ethel Weaver]

Cost= $83,000                2964 Sq. Ft       3 bedroom 3 bath  1 garage

Near local college

Monthly Rent =$1355 for all three units      Median Rent in area is $550.00 per unit

Property Taxes 2994

Insurance 600 per year

Interest Rate 4%

Tenant pays heat and electric

Down Payment 29679 (includes 4134 closing costs)

Monthly payment 754.49 includes insurance and taxes

Expenses 1300 (Gas, water and trash)