Updated over 3 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Greetings all,
I'd appreciate any insights on this off-market multi-family (20 units - 13 x 1-bdrms, 7 x efficiencies) opportunity just 4 miles west of Cleveland, OH. $1M purchase price, $300k repairs, and an assumed $1.6M after repair value, with after-repair/lease-up total monthly gross revenue of $14.7k . Some highlights (or lowlights) that the calculator does not consider - property is CURRENTLY VACANT and will require ~$300k of repairs/upgrades before lease-up...so BETWEEN 9 MONTHS to 1 YEAR of 100% VACANCY BEFORE LEASE-UP BEGINS. I don't believe the calculator is built to take that into account. Projections were provided by seller's agent, and I'm just now starting my due diligence. Would really appreciate any thoughts from those of you who have a lot of experience analyzing multi-family deals.
Thank you!
Scott