6 Units - Multi-Family (Mass)
I would like to ask if the property below would be ok. I am a new investor.
Price: $320,000
Scheduled Gross Income $50,400
Effective Gross Income $48,384
Operating Expenses $24,496
Net Operating Income $23,888
Tax: $3,654
I think I can increase the rent to 55,000 easily. Please let me know what you think.
Thanks,
Jason