Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
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?