Help me analyze this deal
I have been analyzing several properties. All the numbers look like they are good deals. Am I missing something in my calculations? Is it ok if I do not meet the 2% rule if my cash flow is over $100/unit?
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
@Jody Vilcheck The entire city of Buffalo has been reassessed. You can check the reassessment at:
https://buffalo.oarsystem.com/Home.aspx
It looks like the new assessment on this property is $116,000.
The current homestead tax rate in the city of buffalo (City, School, Sewer Rent, and County) is $27.43 per 1000. This can be found here:
https://www.buffalony.gov/DocumentCenter/View/6039/2019-2020-Tax-Rate-Per-M
Based on this info your yearly tax will be around $3181.88 or $265/ Month.