I like it. After rehab can you get rents up to $500.
What's included in the expenses?
Ok, rents most likely top end would be $450 max, however I think rehab would need increased slightly for that. Indepenence county Batesville area. Expenses include repair, capx, both around 5% , taxes, management, mortgage. Each unit is metered both electric and water.
Unless it’s a total dump or there’s some major expense we don’t know about I’d be on that deal
Also account for vacancy/turnover and trash service if it's an apartment building.