Deal Review
Anyone able to help me with this deal, I'm not sure what price I should offer for this, there's a four plex unit in a working class neighbor. Taxes around 7,000 a year.
Seller wants about 240,000; has a newer roof. Rents are:
575.00/month
$575.00/month
$750.00/month
$575.00/month
I'm assuming I'd need to do 25% down, but can get 30 year mortgage. Any idea on what I should offer, seems really small cash flow if you add taxes, mortgage, insurance, and maybe capex or vacancy. Any ideas?
Expenses seller is showing for common area:
| Expense | 2014 | 2015 | |
| Water | $1,040.68 | $ 1,114.20 | |
| Electric | $ 693.39 | $ 911.47 | |
| Gas | $ 764.00 | $ 680.99 | |
| Misc. | $2,254.23 | $ 1,179.85 | |