Not sure if good deal or bad...
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