Updated over 10 years ago on . Most recent reply
Investment analysis. Would you get into this deal? Need help
So I am a student and I have been thinking of buying my first real estate deal. I am looking for cash flow in the long term. I am from Europe so the prices and cost figures that I will give you might be slightly different. So here is the deal? What is your advice?
The deal is:
Purchase price: 110.000
Repair: 120.000
Units: 5
Rent per unit: 350
Rent total (monthly): 1.750
Rent total (yearly): 21.000
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Downpayment: 65.000
Mortgage: 165.000
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Costs (yearly)
Property tax: 1.000
Insurance: 300
Rent tax: 2.000
Other expences: 500
What do you think. Every advice would be greatly appreciated.