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Price $775K, Side by Side, each side 3br/2bth 1650 sq feet Build 1996 - in this area, 1996 house is almost like new, 90% are > 30 yr Rental income $6800m (3300/3500 month to month) Tax: $15900 annually, Good schools 1.5 mile to train station, 40min to NYC
Pros: - Still robust local rental mkt due to high purchase cost - Positive Cash Flow desptie high tax (R.E investor\'s dream) - Pretty new construction around here
Cons: - On a relatively busy road - Housing still in a downtrend in NY surburbs - High tax could negatively affects future apprecation
Appreciate XDJM\'s valuable opinion in advance!
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