Updated over 9 years ago on . Most recent reply
Triplex Deal Analysis: $153K
I was presented with the following deal:
Triplex (Built in 1900, excellent location)
Purchase Price: $145K
Rehab + Closing Costs: $8K
Total Investment: $153K
Gross Rents: $2,000-$2,300/month
Expenses:
PM Fees @ 10%: $200-$230/month
Owner Paid Utilities (avg): $440/month
This includes water, sewer, electric, gas.
Taxes: $150/month
Insurance: $75/month (guesstimate)
Cap-Ex @ 10%: $200-$230/month
Vacancy @ 5%: $100-$115/month
Maintenance @ 10%: $200-$230/month
Total Expenses: $1,365-$1,470/month
Total Cash Flow: +$635-$830/month
Total Cash Flow / Unit: +$211-$276
10% equity would go to syndicator on back end. No upfront fee. Roof needs replaced in 3 years. All cash purchase among 3 investors.
What do you think?