Need help on my first deal. Thanks in advance!

[Garrett Diegel]

Okay so here it is by the numbers. Cash flow is historically low in my area so we are shooting for $300 or so net cash flow. 

Multi Family Tri-Plex - Fully Rented currently

Strategy: buy and hold

$145,000 asking price (short sale)

$130,000.00 sales price (short sale)

$120,000.00 loan amount (possible 100% or close loan)

$720.00 approximate monthly payment with 6% at 30 years

$1246 taxes per year

$800.00 insurance per year (approximate)

$550 rent income for each unit ($1650 total monthly gross income from rents)

Financing is private and terms could be adjusted as needed. For example possible loan terms will be 6% for 30 years with re-fi option in 3 years. 0% or low % down.