Hi all, looking for advice on a potential quadplex. Monthly expenses will be $1866 & monthly income $2360. Asking price is $219,900. How high would you feel comfortable going on this deal? Any comments/suggestions appreciated. thanks!
$236K, 1% rental rule.
Thanks for the replies,
Monthly expenses include: garbage $15, electricity $83, gas $124, snow removal $15, insurance $141, property taxes $294, mortgage $722.03, 5% vacancy estimate ($118), 5% repair estimate ($118), & %10 CapEx estimate ($236).
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