Analyze my Queens deal

[Jacqueline Pelzer]

Hi, I am newbie and I don't really know how to go about it here. I need help analyzing this deal: 3 family house in Queens (Bayswater near 5 Towns) Asking price: $518k Tax appraisal: $415k Taxes: will be $4,000 in 2017 3.5% down House: -- upper level 3 beds/2baths washer&dryer hookup -- ground level 3 beds/2baths with a finished half basement which has a half bath plus washer&dryer hookup -- basement level 2beds/1bath washer&dryer hookup Current rent roll for 3 spaces is appx $4,300 I'm planning on putting in an offer on it but I'm not sure what offer I should put. There's no chance I'd get an opportunity like this again. Can anyone make a suggestion? I'm thinking $500k to be competitive. This house is also not on the market yet. I've already had it inspected and the foundation and basement are sound with no issues.

[Chanté Owens]

@Jacqueline Pelzer He was "bumping" your thread so that it would be reposted at the top so others would be able to see it, and possibly comment on it for you. Oftentimes, people will look through threads, but if it's pushed beyond a page or two, they may not take the time to look at pages past page #2. If someone "bumps" a thread, they are doing it so it stays "top of mind" and on the first page.

Good luck with your deal!