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38
Posts
4
Votes
Jose Perez
  • Investor
  • Aurora, IL
4
Votes |
38
Posts

Second deal under contract

Jose Perez
  • Investor
  • Aurora, IL
Posted Mar 22 2014, 12:20

I have a 2-family under contract for 65,000 in Aurora, IL.

1st - floor $750 & 2nd Floor $750

Landlord pays water and heating

Tenants paid electricity

Tenants are month to month

Current market rents in the area are $750 to $800 not including utilities.

Taxes - 2,900

Interest - 4.50%

Loan - 15 years

Down payment - 25%

P & I - $ 372

Is this a good deal? Please advise?

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