Apartament complex

5 Replies

I need professional  help with my numbers. 

Is it a good deal or no?

I have all the numbers from 2015.

Asking price: 1.6M

46 units

Gross income yearly:

$292,386.88

Total Expenses: $120,887.82

Estimated Net income: $171,499.06

With minimum renovation the rent can be increased. 

Thank you in advance!!!

That actually looks like a pretty nice deal from those numbers. I don't see a budgeting for capex, and I would like to know what "misc labor" entails, but I like it so far. Right on 1.5% rule. What is the condition of the building? any deferred maintenance to know about? How about the area? I like these numbers though. 

I need to check about that misc. Labor.

And yes ,by driving by I can tell it's going to need some maintenance in the near future. I have other projections numbers as well, how do I send over to you?

Tnks Rosston. 

@Rosston 

 forgot to mention,  the area is not so good . 

Originally posted by @Jonatas Silva :

I need to check about that misc. Labor.

And yes ,by driving by I can tell it's going to need some maintenance in the near future. I have other projections numbers as well, how do I send over to you?

Tnks Rosston. 

 Shoot me a message with those! 

Do you know how much maintenance and how much it would cost? And what class of area is it? A, B, C?

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