Updated over 16 years ago on . Most recent reply
10 unit deal question
10 unit apartment building in West Palm Beach, FL
Price 445k but they seem motivated and say "bring offers"
the building has 10 2x1's rented at $700/mo with a couple unrented right now.
I'm thinking offer 375k lets say all said and done its 400k thats about a $2400/mo mortgage.
+$7,000 rent/mo
-$3,500 expenses
-$2,400 mortgage
=$1,100/mo Cash flow or $110 per unit
Is this a deal?