Updated about 8 years ago on . Most recent reply
Seven Plex Analysis - My numbers are off?
Okay guys,
Looking at my second deal for a 7 Plex. I analyzed this property with the Rental analysis and I feel like my numbers are way off, so I want to see what you guys come up with.
Specs:
7 units with 1 vacant.
3,335 in gross rent with 6 currently
Property Tax : 3891
Insurance: 1656
Repairs/Main: 4190
Water: 3000
Dumpster: 1200
vacancy 10%
Cap Ex: $333 (too much?)
Asking Price : $425000 ( I think my offer should be 300,000 range based off of cap rate of 8.45 and noi of 18053)
Cap rate 8.45
Thoughts?