5-Unit Deal Analysis
I'm looking at a 5-Unit Multi and looking for some input.
The units consist of:
4 1bd/1bth - local rents around $550
1 2bd/1bth - local rents around $750
Annual Taxes are $2,900
The units are in rentable shape with 4/5 currently being rented. I've asked, but haven't found out how much they are receiving for current leases.
Asking price is $180k.
Any input on the offer is appreciated.
If I go for hard money what rate should I ask for to have a margin of safety for myself?