Updated over 11 years ago on . Most recent reply
Analysis
Hello BP Family,
This is the deal I am currently looking at. The seller is offerring owner financing. It has been on market since last year. Ask price is $189,900. Two brick buildings consisting of six - 1 bds & one 2 bds. New roofs w/i two years. All units occupied except two. Units in pretty decent shape. HVACs working but old. Property also has spacious 2 car garage that could possibily bring in additional income. As per seller gross potential rent 3,150. I would put it at $400/month to be on conservative side, $2,800. Tenant paid utilities. Yayee!! Taxes 3,609.88/year. Insurance $4000/year. I was wondering what would be a good offering price? I know there are other expenses such as pest control, yard maintenace, etc that I have not mention. Just looking for some guidance. Any input is truely appreciated.