Updated about 6 years ago on . Most recent reply
Considering making my first offer EVER
Found a house in my area priced at 135000. It’s a 3 family in a good enough area in a large rental market. I ran the numbers thru the deal check app and even with 2 units only being rented out it’s got a cap rate of 10.1% and cash flows 408 dollars a month at 1200 per unit for per month rent. With all three being rented out at 1200 dollars per month it’s cap rate jumps to 13.4 and cash flows 1100 a month. What do you all think about this? Any tips or advice on how to proceed?