Updated over 4 years ago on . Most recent reply
First Rental (advice)
Hey guys,
I recently put down an offer for my first rental in New York. I would like to get some input on what you guys think of it.
Selling Price: $310,000
Down 20%: $62,000
Closing Cost: est $10,000
30 year Loan at (est 4.5%)
Details: SFH
5bd/2ba (on CO its 4bd/1ba, they converted the attic as a bedroom and added a bathroom in the basement)
Total Rent: $3200/mo
Taxes: $7000/year
Insurance: est $1500/year
No rehab needed
No prop management.