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Updated over 9 years ago on . Most recent reply

User Stats

120
Posts
15
Votes
Mike Wallace
  • Metro Detroit, MI
15
Votes |
120
Posts

analyze this 3plex deal

Mike Wallace
  • Metro Detroit, MI
Posted

C+ neighborhood. Working class area, I own rentals in this area, never had any problems regarding crime.

3 unit all 1bed

gas/electric tenant paid. all metered to them.

currently leased at $440 per unit (below market value, $500-600 is more then possible.)

expenses:

3900 taxes

1800 water

1200 insurance

1200 Lawn/snow care

what would you pay?

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