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Updated about 9 years ago on . Most recent reply

Shawn Ackerman's profile image
Shawn Ackerman's profile image
Shawn Ackerman
  • Real Estate Entrepreneur
  • from Mid West, East Coast
  • Member since Jun 12, 2015

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Shawn Ackerman's profile image
Shawn Ackerman's profile image
Shawn Ackerman
  • Real Estate Entrepreneur
  • from Mid West, East Coast
  • Member since Jun 12, 2015
Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
1,286
Votes |
3,059
Posts
Milwaukee Real Estate Forum

Would you pay 115K for 44K Gross Rent and 20K NOI??

Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
Posted

BP'ers would  a Tri-plex, Duplex and SFR package deal(6 units) that costs 115K and generates 44K annually in gross rents(Current leases) and 20K in NOI makes sense?  Keep in mind that All expenses i.e. water, taxes, cap ex,vacancy, PM, maintenance and insurance are included in expenses.  Mortgage P/I Annually is $4,454 or $371 monthly.  The properties are in "C" neighborhood and in good conditions(roof/mechanical newer)

  • Shawn Ackerman
    • Milwaukee, Wisconsin
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