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Updated almost 7 years ago on . Most recent reply

User Stats

32
Posts
23
Votes
Johnny Horner
  • Investor
  • Lebanon, OR
23
Votes |
32
Posts

Would you buy this 10 unit?

Johnny Horner
  • Investor
  • Lebanon, OR
Posted
Looking at a deal and need advice. Here are the numbers. 10 units all 2/1 with an average rent of $600. I would classify it as a c property in nice area. Built in 1977 with half the units updated. The yearly Expenses are as follows: Tax $7800 Ins $1500 Garbage $1800 Water/sewer $6000 Management $6000 Vacancy. $2160 Total for year $25,260 Rental income $72,000 Rents in the area for comparable unit are $650-800. Thanks in advance. Location is Oregon.

Most Popular Reply

User Stats

32
Posts
23
Votes
Johnny Horner
  • Investor
  • Lebanon, OR
23
Votes |
32
Posts
Johnny Horner
  • Investor
  • Lebanon, OR
Replied

Guess I forgot that number, $720,000

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