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Updated over 17 years ago on . Most recent reply

Need Help, Commercial Property Analysis
Hi, I need help analyzing this shopping center.
5 unit Shopping strip
Agreement price: $1,100,000 (negociated and agreed upon)
Down payment 20%: $220,000
880,000 30yr @ 7%: $5,854.66/mo
5967 sq. feet
Operating Expense: 1243.11/mo
Property Tax: 1754.56/mo
Other Expense: 183.02/mo
Total: 3180.69/mo
Gross Rent: 11,309.73/mo
Property mgmt: 3%
Net Operating Income: $94,622/yr
Income statement provided by property management company.
Does a property management company provide accurate income statements?
Anyways, what do you guys think about this deal?