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43
Posts
20
Votes
Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
20
Votes |
43
Posts

14 unit: Good deal or no?

Kimberly Gamez
  • Rental Property Investor
  • Grass Lake, MI
Posted

We can buy a 14 unit for $850k- land contract with 10% down, 30 yr amortization and 5% interest. I feel like cash per unit is high but I can’t be the terms. Here is a screen shot of cash flow and RIO. Cap rate is 9-10%

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