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Real Estate Deal Analysis & Advice

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Aniket Thakur
  • Springfield, MA
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Triplex Unit - Deal Analysis

Aniket Thakur
  • Springfield, MA
Posted Nov 21 2014, 14:36

Hi Everyone, 

Looking for insight on this deal.. It seems good to me so before I jump in I would really appreciate if there is anything missing from my analysis. The property is located in Western MA

Deal

Offer Price: $130,000 + closing costs

Down payment: $32,500 (25%)

Repairs: $15K

Cashflow: $2500 per month

Expenses:

Principal + Interest: ~500 (98,500 @ 4.75%)

Taxes: $220.00

Insurance: $100.00

Electricity: $30

Water/Sewer:  don't know yet Approx $100 per month

Vacancy (10%): $250

Property Manager: $200.00

Monthly Maintenance allowance (10%) = $250

Cash Flow: $950

Yearly ROI: 24%

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