Are these numbers a good deal. Looking for a little help. Thanks

Multi-Family and Apartment Investing
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Are these numbers a good deal. Looking for a little help. Thanks

Garrett Stone
Real Estate Investor · Westland, MI · Member since 2014 · 3 posts · 0 votes

Please let me know what you think of this deal. Is it good enough to move forward or should I look for something better.

Please see the link below for all the numbers. 

https://www.biggerpockets.com/buy_and_hold_results...

I use the BP rental calculator a lot to run numbers.  I love it.

Thanks

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  • Mark Mosch
    Rental Property Investor · Los Angeles, CA · Member since 2014 · 120 posts · 88 votes
    10y

    link is broken...

    0Reply
  • Garrett Stone
    OP
    Real Estate Investor · Westland, MI · Member since 2014 · 3 posts · 0 votes
    10y

    This one will work.

    https://www.biggerpockets.com/calculators/shared/226542/2e54375a-0c89-4b05-8dac-bb7cc4bd0c5f

     Thanks

    0Reply
  • Brandon Battle
    Real Estate Agent · Buena Park, CA · Member since 2016 · 743 posts · 424 votes
    10y
    Estimated repair cost is zero? You are not going to repair or paint anything? This place is one percent perfect? Am I reading that right? Are you going to raise the rents anytime soon?
    0Reply
  • Peter Amour
    Investor · Burlington, VT · Member since 2016 · 110 posts · 59 votes
    10y

    it doesn't look terrible , i don't know the area which would help determine cap rates there . the expenses seem very high to me though ????

    0Reply
  • Garrett Stone
    OP
    Real Estate Investor · Westland, MI · Member since 2014 · 3 posts · 0 votes
    10y

    brandon, the property has been really well maintained. And yes rent can be raised a bit. 

    Peter, I juiced up the expenses a bit for a worst case scenario. 

    Thanks for the reply guys. 

    0Reply
  • Brad Ratushny
    Investor · Pennsburg, PA · Member since 2014 · 21 posts · 1 vote
    10y

    If I were you I would definitely look at this one further.  It passes plenty of sniff tests.  I'm curious to know where their actual expenses are.  That would help your cash flow.  I assume you are also use a place holder interest rate.  If you can get that down a percent your CF would go us as well.

    I'd be curious to know how this plays out for you.   Good luck Garrett.

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