Do you think this is a good deal?
Hi Everyone!
Looking for opinions and discussion.
Here is the description:
22 Units composed of 8 - 2/1.5 and 14 - 2/1
100% occupied
Monthly Income = 11k
Monthly expenses = 4k
Net Monthly Income = 7k
Annual Net Income = $84,000
$925,000 price makes cost per unit $42,000
Located in Central Valley of California
As I said before, looking for other investor opinions and discussion on why you would or would not consider a deal like this.
Thanks!
:D