4plex advise in Cape Coral

[Alex Kholodenko]

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?

[John Thedford]

Pass