Updated almost 10 years ago on . Most recent reply
Most important metric for 3-flat
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?
Most Popular Reply
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.