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Real Estate Deal Analysis & Advice

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Chad Adams
  • Investor
  • Joplin, MO
4
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21
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6-plex numbers & questions

Chad Adams
  • Investor
  • Joplin, MO
Posted Sep 19 2014, 13:03

Asking Price $180,000

Gross Monthly Rent = $2,650

Additional Income = $175 (plus or minus; laundry)

Owner pays water & trash (I don't have numbers yet), tenants pay electric.

Taxes = $1,400/yr

Based on those numbers it seems like a something to take a closer look at...agree?

Other info/concerns:

It has a tile roof (rare for my area), can see some chips from the ground.

Nice neighborhood.  Safe, no crime to speak of, kids playing and people taking walks when I drove by.

I asked selling agent for rent roll and utility bills.  She respond with, "they really don't keep good records on the property". She will send me what she has been given, but it is probably sketchy at best.

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