4Plex, need a little help understanding what im doing
Greetings everyone
After watching the BiggerPockets Free Webinar: How to Find, Analyze, and Finance an Incredible Rental Property Deal and reading
The Ultimate Due Diligence Guide for Buy & Hold Properties
by Matt Faircloth
I thought it would be a great excise to find a home im interested in and see if i can actually analyze a deal and complete the sale if the numbers worked.
OK so i found a 4plex on realtor.com in Michigan all units undated since 2010, 2444SQ ft
4 1bd/1bath
List Price is 324000
Rents for 4 units is $2500
Taxes $3100
Insurance $ 2000
Gas $2160 yearly
Eletric $720 yearly
Water$1520 yearly
Sewer line insurce $88
Land License $300
When i asked for copies of other items the realtor told me the property has been miss mangaed the above was the only thing he could get on the property