Updated almost 9 years ago on . Most recent reply
First time deal....worth it?
First time investor any little help will be much appreciated.
strategy: Buy and Hold
investment: Multi-Family(4 units)
Price: $825,000
Va Loan: 12.5% Down($103,125.) 30yr Fixed 4.0% interest rate
Rehab: $50,000 estimated
RENT
1st Unit: $1200 month
2nd Unit: $1500 Month
3rd Unit: $1650 Month
4th Unit: $1200 Month
Total Monthly: $5550
Annually: $66,600
Mortgage,taxes and insurance estimated: Monthly: $3875 annually: $46500
(all units pay own utilities except water)
Is this deal worth it? or don't waste my time?