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Updated about 8 years ago on . Most recent reply
Am I missing anything on this analysis
A person I know offered a 1BD Condo which is not on the market yet.
Can you please help me figure out if it makes sense to purchase it for Buy & Hold. The property is in NJ.
Asking Price $125K
Rented for $17,400 yearly
Maintenance $2,220 yearly
Vacancy 10% $1,740
Tax $2,675 yearly
Oil Heat $500
Water $4,800
==========
Total Yearly Exp $9,800
NOI $7,600
What do you think? is it a good deal to invest?