Help with #'s please
Hello all,
I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.
Location and repairs aside, strictly by numbers, what do you guys make of this deal:
Single house, 3 fam:
- 2 bed/1 bath
- 2 bed/1 bath
- 2 bed/1 bath
- 2 car garage
- separate meters
Total rent is $2,500.
Monthly taxes are $320
What would be a good estimate for monthly expenses (50% rule??) As investors (cash buyers looking to refi out), how much would you pay for this deal, strictly by #'s?
thanks!!
Paul