12 units - how are the numbers?
Evening BP’ers,
I’m running the numbers on a potential 12 unit (3 buildings) 2bd/1ba in Huntsville for 510k. I’m pretty new so would like to make sure I get the numbers right. I want to roughly factor in a 60% margin after factoring in expenses so even if expenses are under I’ll pull out the additional for any potential cap ex down the road.
They said they’d provide a full year rent roll and financials breakdown after contract is accepted but the gave me June.
What do you think of these numbers?
Month of June
Income - $6,018
Expenses -$695
Prop management - $602
Balance -$4,722