Quick Deal Opinion and Thoughts
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.