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Updated almost 7 years ago on . Most recent reply

What do you think of this deal?
8 bed/4 bath fourplex built in 1920 in Troy OH. We're currently working on getting into our first small multifamily, and the numbers look good on this one. Area is decent. Only thing we'll need to change is rehab costs I'm sure, as we've only seen one unit so far and I'm sure we'll need more than $10k total, but we plan to upgrade the units slowly as tenants move out. The first picture is the income statement sent to us from the listing agent. Thoughts on our analysis? It's only roughly $100 "per door", but our goal overall is total cash flow, so $350-$400 total after all expenses and saving for repairs seems good to us.