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Updated about 12 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Leawood, Kansas
  • Member since Dec 5, 2012
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Leawood, Kansas
  • Member since Dec 5, 2012
Connect
Account Closed
  • Real Estate Investor
  • Leawood, KS
6
Votes |
37
Posts
Multi-Family and Apartment Investing

Deal Analysis

Account Closed
  • Real Estate Investor
  • Leawood, KS
Posted

http://www.realtor.com/realestateandhomes-detail/2907-E-28th-St_Kansas-City_MO_64128_M80660-27783

What do you guys think about this deal?
Asking Price: $110 k
Units: 6
Areas Average Rents: $650
Down Payment: $27,500
Monthly Mortgage: $544

Gross Operating Income: $46,800
After 50% Rule: $23,400
Net Operating Income: $16,800
Cap Rate: 15%

Property would need some work, but occupancy shows 80-90%

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