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You will want to know what you will pay per month for the purchase loan. You also will want to project anticipated maintenance costs and other costs such as utilities and property taxes.
Once you have a handle on all your expenses, the math should be pretty straightforward. Reduce everything to monthly figures, then subtract expenses from income and see if you can make enough money to create an acceptable return from your investment.
Make sure the Stafford Township Building office recognizes it as a duplex.
If you're planning summer rentals in the Beach Haven West section of Manahawkin, please take note of the lagoon location (access to open water) and lagoon depth. These will be important to comps and for rental purposes if you purchase.
Keller Williams Realty - Atlantic Shore
If you are not working with an agent and you'd like more information on that house we would like to be of some help.
Feel free to email or call us.
Curtis Lee ~ Eileen Murphy
Prudential Zack Shore Properties