[Calc Review] Help me analyze this deal

[David Taylor]

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Looking at this property in MN. Do I take it down? 

Triplex with a Large garage - all four units rented at Market Value with a long line of interested tenants. 

$250,000 - needs $30K in Rehab - ARV estimated $320+ based on comps.

Would love to discuss! 

[Tim Herman]

@David Taylor you have a loan for purchasing for $270000. You are going to refi and get a new loan for $250000. The original mortgage has to be paid off so you will have bring an additional $20000 to the closing plus fees with the new loan. This is not a great deal less than $100 a door. This might be all right for a house hack if it lowers your current living expenses.  It does not meet the 1% rule. $2750/285000=.964%.