[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Tips would be appreciated. This triplex has two units that are 3 bed, 1.5 bath and a finished basement with 1 bed 1 bath. I low balled the rent, each unit bringing in $1800/mo. I believe I could get more for the 3 bed 1.5 bath units because on Zillow, the average 2 bed 2 bath apartment is in the $22-2600/range.
I did not add expenses for utilities since they would be paid by renter.
Most Popular Reply
I will recommend double checking your interest rates. Talk to your lender first.
Where is the property located? Let me know I can help you verify the rental price. 3 bed 1.5 bath rents for $1,800 seems very low for New Jersey