3 Family in Howard Beach, Queens, NY

[Jon-Michael Agli]

Hey all,

I'm having a bit of trouble analyzing if this property is something I should pursue? There seems to be so many ways to analyze a property (GMR, Cap Rate, CoC, BP Calc, etc)

Here are the details:

Asking Price = $600K

Current Rent = $4550 (2 legal apartments and 1 basement apt, 1 garage & 1 parking spot)

Expenses = $1400 (Monthly)

HOA - 250

Prop Management - 250

Gas - 250

Water - 200

Tax - 400

Insurance - 60

This property would be financed preferably at the least amount down.

Thanks for your input...