PITI Paymebt on 5 plex
Looking to build a 5 plex new construction. Total all in cost I am estimating to be about $1.1M. Need help figuring out Principal, Interest, and Tax breakouts for my budget. I already have an insurance quote. Also, any recommendations on financing options. Construction loan then convert to conventional? Also, looking to see what my CAP rate will be to determine value of building after construction is complete, in case I want to sell it shortly after completion. Rents will be about $1,500/month/unit. Thanks!