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Updated almost 11 years ago on . Most recent reply

User Stats

15
Posts
4
Votes
Matthew Gallo
  • Investor
  • Charlestown, MA
4
Votes |
15
Posts

Deal in MA - Need your feedback

Matthew Gallo
  • Investor
  • Charlestown, MA
Posted

Hi All,

I wanted to pick your brains on a potential deal that I'm looking at to see if you think its a good idea or not.  

Here is the breakdown:

- 2 Family House Up/Down

- 2 Bed 1 bath in each unit

- 2,300 SQft Total

- Includes two off street parking spots

My agent told me she can get me $1,300 per unit a month

Expenses:

- Mortgage $754.67

- Insurance $83.33

-Maintenance: $166.67

- Taxes - $483.33

- Management $260

Total Month: $1,748/Month

Net Revenue: $2,600

Net Profit: $852

Also, I'll be managing the property to start.  Once I have a few of these I'll most likely bring in a management company.

Let me know if this makes sense, is there anything that I"m missing in terms of expenses etc?

Thank you!

-Matt

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