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Updated over 7 years ago on . Most recent reply

User Stats

15
Posts
0
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Kyle Shook
  • Hamilton, NJ
0
Votes |
15
Posts

Should I pursue this deal?

Kyle Shook
  • Hamilton, NJ
Posted
Hi everyone, I'm trying to analyze this deal. The numbers looks awesome to me, but I'm struggling to find financing that will make it worth buying the deal. It's a 6 unit property in Keansburg, NJ. Total Rent = $5,775.00/month... $69,300.00/year Total Expenses = $27,935.00/year NOI = $41,365.00 The asking price is $389,900. I think the numbers look good, but I have no experience and I really want to get started in real estate investing. I don't want go jump into a deal just to get a deal done. So I'm looking for someone with experience to analyze this deal and let me know if they think it's worth looking for financing. I can probably manage to put 10% down, too. If there's any additional info needed, please let me know. Thanks, Kyle Shook

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