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Real Estate Deal Analysis & Advice

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Wayne Marshall
  • Levittown, PA
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Is my first deal a good deal

Wayne Marshall
  • Levittown, PA
Posted Jan 17 2017, 18:26
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

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