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Craig Steltz
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Please review this cash flow

Craig Steltz
Posted Aug 3 2008, 10:46

Please take a look at the cash flow of these 2 garden style condos. They are less than 2 miles from house and in great neighborhood. 2 pools and fitness/clubhouse. The negatives are that the Ardent line item is a non-active external condo fee for external maintenance which varies each month based on work done. Taxes aren't shown but are 900/year. Also I would not be paying for the Payroll or Other Expenses line items.

Also until 2/07 the owner had 4 properties. That's why you see the rent cut in half 2/07. Then there is a recent stretch where only 1 of the 2 units was rented. Currently both units are in 1 year leases.

My question is what would you be willing to pay for these?

Thanks

OhioBuckeye

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