MF Insurance Cost Rule of Thumb?

[Mauricio Ramos]

Hello BP Family,

When buying small apt complexes (8-32 units), do you use any "rule of thumb" to calculate the cost of insurance? Considering is an "average" area, ie, not flood zones, not on the coast, and not in crazy expensive markets. 

Thank you,

Mauricio

[Juan Vargas]

Rule of thumb is usually around $250-$300 per unit per year. However, and as you mentioned, it varies greatly depending on location, asset class, etc.