New to BP
I have been checking out the site and receiving valuable information from you all. I am looking into purchasing a multi-unit bldg this year. A friend on mine is attempting to sell one of his properties so let me know what you think.
Sell price-95k currently appraised at 170k
3-units occupied each at $750 a month with potential for 4th in basement
30 year @4.5% $460 monthly payment
5k down payment
Expenses $385 month
Property Tax $245 month
Property Management $250 month