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\What do people think of this deal
Have a difference of opinion with my partner and I thought I would come out to the bigger pockets community to see what they think. Below are the details and terms of the deal.
- 7 Unit multi off market 2 blocks from a prominent university
- fully leased
- Property has had a full reno in 2021, no upgrades needed/expected in the near term.
- cash flow positive deal from day one after putting 27% of monthly rent towards capex, repairs, vacancy and property management. Also includes taxes and insurance taken into consideration.
- cash on cash return at 3.09%
Let me know your thoughts!