Possible first deal
Hello all I found a property I am looking into. I looked at it and it's very nice everything is recently updated. It is a 3 family and according to the realtors information it is a 2 2 bedrooms and 1 1bedroom. The first floor is a huge 3 bedroom not a 2 bedroom. The 2nd floor I didn't get to go inside and the 3rd is a 1 bedroom. The asking price is 179000. Taxes are 8000 including municipal garbage. 32 dollars a month for landlord electric. 20% down so mortgage will be around 700 a month and I figured 2500 for insurance. Water and sewer is 250 per quarter which seems low but the town clerk gave me the information. The current rents are 850 850 and 750. In this area a 3 bedroom brings 1300 a 2 bedroom should be 1000 and 800. Heat gas and electric is paid by tenantsThe numbers seem awesome and this would be a buy and hold I just don't know if it's to good to be true or if I am missing something. so I want to hear what you pros think. Thank you.