[Calc Review] Help me analyze this deal
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Hello Everyone,
My name is Ivan and I am a real estate investor based in Chicago IL and so far I have done 4 deals ( 2 SFH and 2 condos).
I am looking at my first multi family unit that I am planning to buy and hold. I already negotiated the price form $389K to $370K with one year home warranty. The buildings has 6 legal units 3 2/1 and 3 1/1 plus 2 car garage and coin laundry. The building is very well maintained and needs only some cosmetic upgrades. The current rent is low for the market so there is a potential to increase with total of $300 plus the garage is not rented at the moment which is an extra $150 .
I will appreciate any opinion or thoughts!
Regards,
Ivan