[Calc Review] Help me analyze this deal

[Lewis Yuan]

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*This link comes directly from our calculators, based on information input by the member who posted.

Hey everyone, another multi-family deal here in a B-neighborhood. Ran the numbers based off a $225,000 sale price, which is $24,900 below asking price. Looking to put 20% down and rent out both units and garage spaces x2. There is coin-op laundry but I didn't include that in the income stream. Tenant would pay for electricity and gas. I included water/garbage/insurance/repairs into monthly expenses.

Calculated taxes from http://www.cookcountypropertyinfo.com/default.aspx. Assessed value was $178,790 in 2017. I based the new property taxes in the report from a sale price of $225,000, which came out to:

2018 Assessed Value = 22,500

2018 State Equalization Factor x 2.9627

2018 Equalized Assessed Value (EAV) =66,660.75

2018 Local Tax Rate X 7.270 %

2018 Estimated Taxes = $4846.24 (I rounded up to $5000 to be conservative)

Any feedback would be appreciated! Thanks.