Help me analyze this deal

[Jody Vilcheck]

I have been analyzing several properties. All the numbers look like they are good deals. Am I missing something in my calculations? Is it ok if I do not meet the 2% rule if my cash flow is over $100/unit?

View report

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

[Mohamed Abbadi]

@Jody Vilcheck The entire city of Buffalo has been reassessed. You can check the reassessment at:

https://buffalo.oarsystem.com/Home.aspx

It looks like the new assessment on this property is $116,000. 

The current homestead tax rate in the city of buffalo (City, School, Sewer Rent, and County) is $27.43 per 1000. This can be found here:

https://www.buffalony.gov/DocumentCenter/View/6039/2019-2020-Tax-Rate-Per-M

Based on this info your yearly tax will be around $3181.88 or $265/ Month.