Found 7 Unit property already with tenants

[Cristian Mendez]

Hi,

Is my first time investing and I really don´t know what are the aspects that I need to consider. Could someone help me? There is a property manager and the income of rents is $5,000 and the price tag is $500,000.

[Craig Bellot]

Fill out the BiggerPockets cashflow analyzer for the property and find out how much return on investment it produces.

You would need to get more information on the expenses such as:

1. Property Taxes,

2. Insurance,

3. Management,

4. Maintenance,

5. Utilities,

5. Repairs

In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.

I'm not sure what state this property is in which may have other expenses you need to consider.