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Updated over 4 years ago,

User Stats

32
Posts
6
Votes
Vincent Harris
  • Real Estate Agent
  • Westchester County, NY
6
Votes |
32
Posts

does this deal make sense?

Vincent Harris
  • Real Estate Agent
  • Westchester County, NY
Posted

Hey everyone! My girlfriend and I are currently renting for $1,700 a month and we came across this duplex nearby. There's a tenant in place paying $1,200 a month, and the following information in the MLS looked pretty good to me:

"Un-Finished Attic Basement stonewall/brick foundation 50 gal hot water heater New Efficient Goodman gas fired furnace Walk out doors fuse box electricity, laundry connections, basement dry & clean New Furnace, New Soffets New Sewer Pipes New Heating Ducts New Hot water heater New Sidewalk near the house New Electrical service New Windows Slate roof, new separate gas & electric meters"

My question is whether this deal would make sense for someone looking to get started in Real Estate. The way it looks, it I would be paying a little less, and the money wouldn't be gone like it is with rent. What are your thoughts?

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

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