Is my first deal a good deal
I'm new to investing have a local investor that mentors me , I'm going to be closing on my first deal and starting to feel nervous and wondering if this deal is a good deal
Purchase price $153,000
3 units
Unit1- 1 bed /1 bath den living room $750
Unit2 - same as unit 1. $725
Unit3 - 2 car garage $350
Taxes - $5300
Placed on over sized lot bedrooms are very large easily converted into 2 bedrooms all have tenants that are long term no rents have been increased since 2011 average rent for similar apartments in the area are around $900-$950 building has newer main roof (3 years old ) and newer windows comps are 130-220 for the street the appraisal came in at $160,000