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Updated about 8 years ago on . Most recent reply

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111
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Vina Real
  • Alexandria, VA
164
Votes |
111
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First investment opportunity in Baltimore

Vina Real
  • Alexandria, VA
Posted
I've recently got a Triplex property under contract and I used the BP calculator. I think the numbers are good but I need other opinion. Thanks in advance!!! Here are the numbers: 1920 house ARV- 150000 Purchase Price-115000 Annual property tax -4248 Rent-2200 for 1/1, 3/1.5 and 2/1 units Insurance-36/mo Conventional financing at 5.125% for 30 years but I'm thinking of doing 15 years instead Repairs- 20000 Capex-8% Vacancy-5% Repairs-8% PM-10%

Most Popular Reply

Account Closed
  • Investor
  • Baltimore, MD
688
Votes |
1,368
Posts
Account Closed
  • Investor
  • Baltimore, MD
Replied

15 year is a bad idea. You can always pay more on a 30. You can never pay less on a 15

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