PROPERTY ANALYSIS | COMMENTS-FEEDBACK

[Bob Razler]

Hello:

So I have been searching for a multi unit to buy in SE FL.  I have run a few numbers and have made offers on some with no luck (but I feel great about my process so far)!

I would love everyones feedback on a property I analyzed and passed on (well, I offered so low that I was no where near the sellers number).

I used the spreadsheet available here in the files section.

TRIPLEX

List Price $474,900

Total Monthly Rent $3,645 (fully rented right now)

Taxes $6,173

Great condition so I didn't assume crazy repairs.

To me this looked like it needed to be more around $349,000 ($419k to be cash neutral).

I can provide me info if needed.

Thank you for any feedback you have.

Bob