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Updated over 5 years ago,
[Calc Review] Help me analyze this deal - Montgomery County, MD
*This link comes directly from our calculators, based on information input by the member who posted.
I am looking to start my real estate investment career this year. My strategy is to buy-and-hold rental units for at least 7 - 10 years.
Most properties I am looking into are in Gaithersburg, Germantown, Rockville (Montgomery County) area of Maryland. Almost all properties in this area are Condos/Townhomes and Single Family. Very rare will you find duplex or multi-family. This summer older town homes in nicer areas (good schools) went for 320 - 340k (3 bd/2.5 ba); newer town homes go for around 375k.
Looking at the report, the numbers don't add up. What would be a good price point for this unit? The seller is asking for 325k.