Large multi-family (5+ units) buy & hold investment in Nashville.
Purchase price: $235,000
Cash invested: $865,000
Bought an old apartment building in Germantown/SalemTown and gutted it. Invested about 650,000 in renovations. Bank per forma showed $600/month rent, now $1,100+ Great Cash Flow property
Congrats. Can you share some numbers? I just did an eval based on the numbers you provided, assumed 12,000 per year in insurance/taxes. What's your setaside for management, maintenance, CAPEX, vacancy, utilities, etc?
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