Updated over 10 years ago on . Most recent reply

Deal in MA - Need your feedback
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