6 Units
What do you guys think? Two 3-family apartment buildings on one lot.
Purchase price $300,000.
Gross rent:$4,800/mo - $57,600/yr
Cleaning and maint: $1,200/yr
Insurance: $3,400/yr
Repairs: $1,200/yr
Taxes:$6,000/yr
Utilities: $5,000/yr
Pest control: $1,200/yr
Total expenses $18,000/yr
NOI: $34,992
Mortgage: 6%, 20yr amortization commercial mortgage
$1,605/mo $19,258/yr
Cash flow: $15,734/yr