Updated over 7 years ago on . Most recent reply
15 Unit Deal Analysis
First time investor analyzing a 15-unit deal in. Ohio. Do the numbers add up?
List Price: 850k (20% down)
Units: 15
Rent Each Unit (3/1.5): $700 (conservative)
Monthly: $10,500
Yearly: $126,000
Expenses:
Property management fee: $12,600/yr (10%)
Insurance: $2,000/yr
Maintenance: $15,000/yr (1%)
Tax:$10,200 (1.2%)
Vacancy: $6,300 (5%)
Annual Cash Flow: $38,000