Analyze Bustleton NE Philadelphi PA Rental Property

[Jay Shaik]

Any Comments on the below Deal

3 Bed 2.5 Bath with In-Law Suite in Basement ( Builtup Area 1600SQFT ) Lot size 3000sqft

Location : Busselton , NE Philadelphia, PA

Buying Price: 29,5000

And i will be doing a FHA with 3.5%Down and the Mortgage will be around $1750/Month

Like to House Hack the Basement In-Law Suite(Gets additional $400/month ) and Rent out the 3ed 2bath up stairs to Family ($900/month).

Is this Good deal and is this Location Busselton NE Philly good area to invest ?

House does not not need any repair except the Inerior paining and Floor finsshing on hardwood floor.

On top of the Rents ($900+$400) i am considering that i will save $600 off my current rent ..so total comes around $1900/month ..

Also do you know any thing abou this neighborhood (Bustleton NE Philadelphi PA).

[Steve Babiak]

My concern is that you are counting on this property having two units, but are both units legal?

And I assume you have a typo on the buy price, and that it is actually $295,000.