New Built 4 plex evaluation

[David Jiang]

Hi, BP

I am interested in a newly built 4-plex (2013) in Texas. Here are the numbers:

Purchase price: $447K
Downpayment: 25% (111.25K)
Monthly mortgage payments (4.75% mortgage): $1749/month
Taxes: $1,120 (estimated)
Insurance: $200/month

advertisement: $100/month

Property Management: $414/month (9%)

Repair/Maint: $0/month (1st year warranty)
Rents: $4600/month (it is fully rented)

Any thought on this would be much highly appreciated.

Thanks,
David