I need a second opinion on 4plex analysis please
Looking forward to hearing you thoughts.
I am considering putting in an offer on this 4 plex. I want to see what everyone thinks about if this would be a good deal to get me started. do my numbers look realistic.
I got the rent off the MLS and checked it with rentometer and 1300 is below average.
I am guessing 10k or less for repairs. I would personally live there without any cosmetic repairs.
I am accounting for abut one month rent each for vacancy, maintenance, and capex.
10% for management for future management needs
I plan to use fha and live there for the required period so these numbers are for after I move out and rent all units.
Link to my analysis is below.
I am wanting to start buy and hold and would love to be ready to buy another in a year or so.
any advice would be appreciated - Zach Kiser