Updated over 7 years ago on . Most recent reply
looking for some guidance on a deal.
i am looking at pair of quad plex units on the same property.
they are asking $330,000 for the pair
the first chart is off the sellers numbers
| Monthly | Annual | |
| Income: | $4,500.00 | $54,000.00 |
| Vacancy (10%): | $450.00 | $5,400.00 |
| Management Fee (9%): | $405.00 | $4,860.00 |
| Property Tax: | $483.33 | $5,800.00 |
| Total Insurance: | $208.33 | $2,500.00 |
| Maintenance Cost: | $1,666.67 | $20,000.00 |
| Other Cost: | $375.00 | $4,500.00 |
| Cash Flow: | $911.67 | $10,940.00 |
| Net Operating Income (NOI): | $952.17 | $11,426.00 |
i adjusted the number and added mortgage payment
| Monthly | Annual | |
| Income: | $4,500.00 | $54,000.00 |
| Mortgage Pay: | $1,409.16 | $16,909.88 |
| Vacancy (10%): | $450.00 | $5,400.00 |
| Management Fee (10%): | $450.00 | $5,400.00 |
| Property Tax: | $483.33 | $5,800.00 |
| Total Insurance: | $208.33 | $2,500.00 |
| Maintenance Cost: | $1,250.00 | $15,000.00 |
| Other Cost: | $416.67 | $5,000.00 |
| Cash Flow: | $-167.49 | $-2,009.88 |
| Net Operating Income (NOI): | $1,286.67 | $15,440.00 |
i over figured vacancy to cover one unit empty per month.
other cash flow covers trash and water
there are a total of 9 units.
i know i am problem not giving you enough info
this would be my first investment property and i am a little gun shy of the deal
Most Popular Reply
on if sound like a decent deal.
its in a decent working class area. (guessing it would be B class)