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Updated over 9 years ago on . Most recent reply

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Ryan Chambers
  • Chicago, IL
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Most important metric for 3-flat

Ryan Chambers
  • Chicago, IL
Posted
Looking at a 3-flat in a mature but strong residential market in Chicago. Rents aren't as high as adjacent neighborhoods, but that's what makes it feasible. I work in real estate, but am used to looking at larger, institutional industrial deals. What are the most important metrics to think about when evaluating a 3-flat deal? What are typical expense ratios?

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

Welcome to BP @Ryan Chambers

Well for me the most important is ROI on my cash invested. Without knowing more I estimate at least 50% expenses not including Principal and interest payments.

  • Ned Carey
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