Updated about 9 years ago on . Most recent reply
$100k for $2k in monthly rent?
Hi, BP -
Working on a multi-family deal and wanted to run some high level (round) numbers off to see if they make sense.
Conventional loan - 20% down
Rehab - 10%ish
Monthly rent potential - $2k
Using the 50% rule, the most I can offer, to get 15% return, would be $100k (includes closing costs), correct? (PI+ins+tax totaling around $600/mth)