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Real Estate Deal Analysis & Advice

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Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
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567
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Am I missing anything on this analysis

Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
Posted Jan 29 2017, 23:02

A person I know offered a 1BD Condo which is not on the market yet.

Can you please help me figure out if it makes sense to purchase it for Buy & Hold. The property is in NJ.

Asking Price $125K

Rented for $17,400 yearly

Maintenance $2,220 yearly

Vacancy 10% $1,740

Tax $2,675 yearly

Oil Heat $500

Water $4,800

==========

Total Yearly Exp $9,800

NOI $7,600

What do you think? is it a good deal to invest?

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