FIRST INVESTMENT PROPERTY PURCHASE OFFER HAS BEEN ACCEPTED!
Hey everyone!
My name is Jaron, I'm from Ohio and I would appreciate feedback on the deal I am in the works with at the moment!
Some quick facts about the offer;
- Triplex
- Offered full asking price of $51,000
- The property is VERY CLEAN but dated
- The property is in a "C+" grade neighborhood
- FHA Loan 3.5% down
- I intend to occupy the property for 1 calender year and then "house hack" into another multifamily unit
Below is a screenshot of the numbers I believe what I should expect AFTER the first year that I occupy it.. I am thinking I will about break even when living there and start cashflowing in a year..
I am a newbie so any advice is greatly appreciated, thank you and I hope you have a great day!
Sincerely,
Jaron Smith