All Forum Posts by: Jordy Enmanuel Corporan

yeah its separate utilities 

@jim goebel

Ill see if i can reach a real state agent in the area and find out more information

Hello Fellow members Glad to be here, So the back story is that im helping my parents find a property out of state to invest in. I will help with the down payment so i can get some profits possibly. 

So..I came across this one triplex today

And the numbers were just too good. I dont know if im missing something but the property has been on realtor for over 250+ days.

These are the numbers----

Purchase Price: 100k

Sq Ft: 1500

Property tax: 1800 per year

Insurance: 432 Per year

Total Gross Rent: 2,500 monthly 

Expected Repair Cost: 8,000

Expected Monthly expenses: 1,540

This is also assuming 20k downpayment for 30 year fix rate

Something that i noticed was that the tax assessment was 190k. Which is way over the price. I dont know if this is something to be concern about. This property is also located in Philadelphia, Pa.

I will be super glad if someone can point out something that i could be missing. Cause with the calculator i get over 30% cash on cahs return.