Investment Property Advice
New Investors buying our first 4-plex rental!
Where: Florida
What: 4 unit townhomes
Each unit 2 bed/2.5 bath
1200 sq ft.
One car garage
Separate meters
Built in 2007
3 are occupied
4th to be occupied by us because of using VA Loan
Mortgage $515,000
2.25 APR
$0 down
30 year loan
Rent $1000 a month
Closing costs $13,000
HOA Fees $100
Insurance $175 a month
Taxes $5600 a year
With this being our first purchase EVER, we would like to know if this is a good investment?!