First Time Home Buyer of Multi-Family Property Help

[Adrian Jinks]

Hi Everyone,

I am currently under attorney review on my first property in Northern New Jersey. The purchase price is 270k, it's a 3 bedroom, two-unit property. with 2 bedrooms up and 1 down. Property taxes are 4,800 annually. The projected rental income after I move out of the one unit in a year will be between $2,500 and $2,600 a month in total. I have tried using a few of the calculators on here to see if it's a smart purchase but I can't quite get them to work. I would appreciate anyone's insight if this is a good purchase or not. Thank you.