Deal or No Deal Multi Family

[Patrick Hill]

6 Unit Multi Family   Listing Price $284,999   

Pro Forma 

Annual Income $51,000

Utilities $3500

Taxes $5811

Working the numbers with 20% down payment ($57,000)

Private Investor $57,000 @ 6% = $3420 annual  or $285 monthly simple interest 

Commercial Loan $228,000 @ 8% = $2091.23 monthly mortgage 

Debt Service = $ 2376.23 Monthly 

Income $51,000 or $4250.00 Monthly 

-775.00 Taxes and utilities 

NOI $3475 - $2376.23= $1098.77