[Calc Review] Help me analyze this deal in Baltimore
HI All, I'm looking to purchase my first multi family property this year and ran the numbers on a 3 unit here in Baltimore city with info provided by the sellers agent. The ROI is a mere 3% and the cash return is too low for current rents. The place will benefit from new kitchens and baths and I could raise rent from $2100 to $2500 easily. What would be a good offer? This last sold in 2014 for $175K and seller is asking $249K. Seller will let me make offer before this goes on the market this weekend. I can seem to get numbers to work at $215K but eager to get more experienced folks to comment. THANK YOU! Jen
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