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Updated over 2 years ago on . Most recent reply

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15
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6
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Anna Marcotte
  • New to Real Estate
  • Point pleasant, NJ
6
Votes |
15
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[Calc Review] Help me analyze this deal

Anna Marcotte
  • New to Real Estate
  • Point pleasant, NJ
Posted

View report

*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

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48
Posts
16
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Andres Ospina
  • Real Estate Agent
  • New Jersey
16
Votes |
48
Posts
Andres Ospina
  • Real Estate Agent
  • New Jersey
Replied

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

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