All Forum Posts by: MJ Calabrese

Numbers never lie and if you are comfortable with your plan then do it! Be sure to create and stick to a capital improvement fund with an amount you are comfortable with. As for the windows, you may be able to get grant to update them to energy efficient windows depending on where you live and a power washer works great on moss! Good luck, sounds like a great first place!

Cheers!

MJ

Hi Patrick:

First, nice to meet you, secondly, I love numbers. I came up with this rather quickly so I apologize for the format. 

Cost of investment at listed sale price is $544/month or $6,528/year

Gain from investment is $900/month or $10,800/year 

Your remainder (profit is $356/month $4,272/year or 0.65% ROI

That's the numbers, unfortunately I can't offer any other insight because I'm not from your area, don't know the neighborhood or the property's appreciation potential. Hope this helps! 

MJ

I just wanted to take a moment and introduce myself as well thank the website creator and mods for their great work here, that I'm elated to have discovered this wonderful site. If you live close by or are interested in hearing about the area please feel free to contact me! I wish you all the best in your professional endeavors and a very Merry Christmas, Happy Chanukkah, Winter Solstice, or whatever else you may choose to celebrate. Cheers!