20 units for $1.45 M.... how do I knowing it’s a good deal?

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20 units for $1.45 M.... how do I knowing it’s a good deal?

Eric Tan
Rental Property Investor · Park Ridge, IL · Member since 2016 · 67 posts · 14 votes
Info: 20 units for $1.45M Income: $17k/month : 2 x 10 unit buildings (tenant pays electric) 4 x 2bed/1bath @ $900-$950 6 x 1bed/1bath @$700-$750 4 x laundry units Cap Rate 8.3 Expenses: Property Tax $35,231.50 Water $9,450 Insurance $5,000 Scavenger $1,906 Fuel $5,954 Electric $1,247 Other $4,687
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  • Matthew Bennett
    Indianapolis, IN · Member since 2017 · 28 posts · 3 votes
    8y
    Have you utilized the BP calculator on here? That should tell you, number-wise, if it’s a solid investment or not.
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  • Eric Tan
    OP
    Rental Property Investor · Park Ridge, IL · Member since 2016 · 67 posts · 14 votes
    8y

    cant use it anymore.

    0Reply
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