Deal Analysis for duplex in Ohio

[Jeff Chen]

Hello Biggerpockets,

I'm currently crunching some numbers for small multifamily properties throughout central Ohio and wanted to see if I'm on the right track when it comes to my underwriting assumptions. As an example, below is a duplex that I ran some numbers on:

Here are some assumptions:

A few additional notes:

- Utilized current in-place rents for the 2 units, which is lower than market rents for similar unit types within a 1-mile radius of the subject property based on a quick look on Rentometer.

- Seems like counties in Ohio charges RE Taxes based on Millage Rate times 35% of Assessed Value. I utilized the current Millage Rate times my proposed offer price of $100,000 for RE Taxes in my proforma. The subject property did not have Special Assessments on its RE Tax bill, so I did not include any in my proforma (should I include Special Assessments, to be conservative?)

Does my analysis and underwriting assumptions look to be reasonable, or am I being way too aggressive (or conservative) with my numbers? Would love to hear all your thoughts!

Thank you!