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Justin Bush
  • Contractor
  • Texas Corners, MI
10
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37
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Not sure if good deal or bad...

Justin Bush
  • Contractor
  • Texas Corners, MI
Posted Apr 2 2015, 18:14

hey fellow bpers!! I could use a little help if anyone feels so inclined. I am looking at potential buy and hold but not sure about numbers. At first glance I think maybe but want some experienced opinions as well.

Asking price...499k

Rent roll...4400month

Electric water and gas paid by tenants. Sewer by landlord at 1140 a year.

One tenant gets discount rent for groundskeeping.

Taxes...11065year(it's in Jersey so yes $11065.00 a year)

Capx...150month

Vacancy rate...3%

Any help would be greatly appreciated. Property is in decent area on border of good town and ok town but zipped into good town. Appreciation around 1.5%. 

Thanks everyone and anyone!

J

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