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Updated over 5 years ago,

Sharissa P.'s profile image
Sharissa P.'s profile image
Sharissa P.
  • from Linden, NJ
  • Member since Feb 10, 2019
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User Stats

22
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12
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Sharissa P.'s profile image
Sharissa P.'s profile image
Sharissa P.
  • from Linden, NJ
  • Member since Feb 10, 2019
Connect
Sharissa P.
  • Linden, NJ
12
Votes |
22
Posts
Real Estate Deal Analysis & Advice

Good deal or bad deal?

Sharissa P.
  • Linden, NJ
Posted

Hello first time investor looking into a two family home in NJ I plan on living in one unit and renting out the other. Sale price is $280,000 and plan on offering full price because all I would have to do is install dryer and washer. Using a DPA grant for down payment. I will pay for closing. Rent will be in total of $2450 and mortgage is looking like $2182 meaning my cash flow would be $268. Is this a good deal?

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