Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New York Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
1
Votes
Bejtush Bajrami
  • Bronxville, NY
1
Votes |
3
Posts

Need to know if this is a good deal or not, please help

Bejtush Bajrami
  • Bronxville, NY
Posted

Hello everybody, 

I'm trying to buy a 3 family property in Yonkers New York I need help  making a decision I have done my calculations and it seems like a decent deal  but I need help to make sure  it is a good deal.

Those are the info of the property:

Property price $385000

Down payment: 20%

Mortgage monthly:$2174 yearly $26088

Property taxes $6300

Property Income yearly: $ 51900

Insurance yearly: $1500

Heat and water yearly: $8000

Repairs+Misc expenses (assuming, not 100% sure) yearly $2000

Can you please help me analyze the deal and let me know if it is worth going for it?

Thanks in advance

Loading replies...