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Real Estate Deal Analysis & Advice

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Andrew Christian
  • San Jose, CA
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12
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Quick Deal Opinion and Thoughts

Andrew Christian
  • San Jose, CA
Posted May 21 2020, 21:01

I know I'm giving some rough numbers here but wanted to get some opinions on if this deal is worth it or a good deal (generally) numbers-wise:

Purchase Price: $529,000

Down Payment: 25% = 132,250

2 Units: 4 bed/3 bath and 2 and 3 bed/2 bath

Current rents: 4 bed = 2,100, 3 bed = 1,700 for total of $3,800 rented and under lease for a year. Rents are below market pro forma has rents at $100-200 more per unit.

Mortgage, taxes, insurance, and other costs roughly $3000/month

Self managed. 

I know that's bare bones but I just wanted initial thoughts. Thanks.

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