Updated over 2 years ago on . Most recent reply
Would You Do This Deal? Napkin Math
Deal
5 plex- Four 2-1 and One 1-1
Current rents 4650
Possible to raise to 4800-5000
Asking price 475,000, offer of 450,000 accepted.
Place is in excellent condition and well maintained and fully rented.
New roof
All new bathrooms
All new Kitchens
Awesome 5 plex in awesome School district 10 minutes from my house.
Loan details
25% down at 112,500
20 year with 5 year arm @ 6.34
PITI- 3363
Repair -230
Capex- 230
Vacancy- 460
Lawn Service/ Snow removal- 160
Cash flow - 157/ Month
Way lower CF than I’m use to but with principal pay down, appreciation and possibly of rates coming down and me refinancing also could probably increase rents to 4700-5000.
Any thoughts?
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#2 Medium-Term Rentals Contributor
- Real Estate Consultant
- Reston, VA
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#2 Medium-Term Rentals Contributor
- Real Estate Consultant
- Reston, VA
@John Matthew Johnston You’re welcome! I’m a fellow PA investor so happy to connect on MTR rates, share resources, etc.