Help: Is this 4-units plex house worthy investing?

Help: Is this 4-units plex house worthy investing?

Tacoma, WA · Member since 2015 · 29 posts · 5 votes

I am a newbie who is looking to step into my first rental property.  Do the numbers of this property make sense? 

https://www.redfin.com/WA/Tacoma/7613-9th-Avenue-Ct-E-98404/unit-A-D/home/86529545

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  • James MillerPro Member
    Investor · Snohomish, WA · Member since 2015 · 139 posts · 42 votes
    10y

    With out knowing any more details it is really hard to say.  You need to know the rental income.  Is it going to need work or is it ready to go.  Whats the occupancy.  Are the tenants in leases.  Are you going to manage the property.  Use the bigger pockets rental property calculator under tools when you know all the necessary info.  Hope this helps.  

  • Tacoma, WA · Member since 2015 · 29 posts · 5 votes
    10y

    Thanks for the inputs.  Actually the redfin link I included has all the info on rents, expenses about this property.

  • Investor · St. Paul, MN · Member since 2014 · 109 posts · 37 votes
    10y
    Horrible deal. It doesn't even fit anything near the 2% rule. Why do you think it would be a good deal?
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