Updated over 9 years ago on . Most recent reply
Help me analyze this triplex!
Im looking at a triplex as my next investment and am just looking for some second opinions:
3 units - 1 - 2 BR, and 2 - 1 Bedrooms.
Current rents are $700, $400, and $375.
(The two lowball amounts should be $600 & $500 minimally.)
Taxes are $3,200 per year.
Insurance will be about $750.
Trash Removal will be $840.
Snow Removal will be $600.
Water & Sewer will be $700.
Propane (hot water for all apartments and heat for 2 BR) will be $1,500.
Vacancy Reserve of $1,500.
List price is $104,900. I'm thinking of offering $95,000. 20% down with 6% seller's concessions, my P&I payment should be about $390.