Help analyzing a deal

[Christie Duffy]

Hi all -- I'm considering a deal in northern new jersey and it's my first multifamily investment so I'm looking for some help.

List price  --- $320,000

Est. rehab costs --- $100,000

Taxes --- $9,500/yr

Monthly Rental Income --- Unit 1 (3bd/2ba) $2500; Unit 2 (1bd/1ba) I'm going to live in but I think could rent for $1500.

Great location downtown within walking distance of restaurants, trains/buses to NYC. Any insight would be SO appreciated! Thank you : )