Updated over 8 years ago on . Most recent reply
4plex advise in Cape Coral
Please help with this deal analysis
Location: Cape Coral
Purchase price 457k gross income mo. 3750
4plex in Cape Coral about 30 years old
2bd 1ba each
when all leases expire within 3-9 mo.
I could raise rent to market rate with gross mo. 4400
The house is located among sfr in in a highly desirable area
I am thinking of using 1 of the units for short term AirBnb to increase cash flow
its in a move in condition as major upgrades were done recently
I am planning to hire a property manager to take care of it.
The cash flow with 25% dp looks ok, since its in a highly desirable area
it has a great chance of appreciation.
What do you all think?
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