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Updated about 6 years ago on . Most recent reply

Advice on a deal in Newark NJ 07104
I am about to sign a contract on a deal in Newark NJ 07104
I am looking to talk to someone that has bought and rents properties in that area.
The deal: Single family unit, 2 bedroom 1 bathroom.
I can close for 60K, Projected repairs is 30k. Projected monthly rent $1200-$1400, Tax $2100
Does it sound like a deal?