Multi-family break down

[Danny Day]

How accurate do these numbers look? I would like your feedback. Might be buying a multi-family here in the next few months and am trying to get my numbers correct.

I am not buying this one, but it is a sample deal I've seen on the MLS.

If you can't see it in full, click here: http://i39.tinypic.com/2e67rev.jpg

How are my insurance numbers? Is $1,500 annually to small (for SFR I'm paying $800).

- 20% of monthly rent to vacancy
- 10% of monthly rent for property management
- 10% of monthly rent for maintenance

My ARV valuations might be slightly off. I went off the 1% rule of thumb. I am not looking to sell real fast so that does not concern me as much. The appraisal should give me a more accurate value.

Thanks in advance

Danny

[Joel Owens]

Depending on age of the building I would run up to 55% total costs on average.

I highly doubt there is a fully performing building (for a realistic amount of time and not just putting bodies in there to fill it up)that a seller is selling at 44% LTV.

Too many buyers would jump in way before that.I get buyers sometimes says I saw this ad and it said 20 CAP!! Why would I go for your property at a 10 or 11 CAP??

Because the numbers are REAL and you will not waste your time looking at so called deals that are not the real numbers.