Bedford – Stuyvesant Brownstones
Hello, I was just driving around BedStuy today and saw some brownstones I was interested in. I am relatively young (24 years old) I came across some multi-family ranging from 550-700k. I am not yet ready to purchase, but maybe in a year or so. I should be able to obtain about 10% down. If its a 3 family brownstone, what do you guys think I can rent an apartment for (obviously it depends on square feet, # of bedrooms, etc) but on average how much can I get? Also, do you guys think its a good idea if the mortgage is approximately 3,500 a month and rent only covers 3000. Is it worth me putting in the rest? I currently live for free in an apartment my parents provide. What is anyones thoughts on my crazy idea? Any insight will help!!!
