Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Kumar Appa
  • Jersey city, Nj
2
Votes |
11
Posts

Is this a good rental investment?

Kumar Appa
  • Jersey city, Nj
Posted

I came across a 4 family home priced at 567k but it has a very high property tax close to 17k.The rents are averaging currently at $1000 per unit there is definitely more upward potential averaging at least at $1200 per unit besides good potential for appreciation.i would like to stay conservative and assume continue at $1000 per unit and overlook appreciation since it's currently only a speculation.

Please advice if this is a good investment with 20% down and 30 year conventional loan if it's not at what should be the optimal offer price of that property

Loading replies...