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Updated almost 8 years ago on . Most recent reply

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Cody Rogier
  • Ypsilanti, MI
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Help me analyze This deal

Cody Rogier
  • Ypsilanti, MI
Posted

Hello all

I am going to look at this place tonight and wanted to make sure i did not miss anything on my numbers. 

Any feed back would be helpful. This would be my 2nd deal if i were able to close. 

9317 Main St, Whitmore Lake, MI 48189

4 unit 

All 4 units 1b/1b

Asking Price: 199,000.00 Offer Tbd

Possible repairs: 30,000.00

Monthly Costs:

Taxes: 525

Vacancy: 100

Management : 200

Capex : 125

Maintenance :100

Mortgage  6.5 % land contact 3 year amortized over 30 with balloon

Total Monthly expenses: 

Mortgage:1000 

Potential rent:2600

Monthly Cash Flow: 571

Rental Price per unit $650.00 Tenants would pay own utility's 

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