Fourplex PITI $1,500/month. Rent out for $2,800

Fourplex PITI $1,500/month. Rent out for $2,800

Realtor · Phoenix, AZ · Member since 2018 · 7 posts · 0 votes
Fourplex for $300,000. $75k downpayment. PITI $1,500/month but can rent each unit for $700($2,800/month total) obviously this doesn’t account for vacancies, repairs, management etc but is that $1,300 gross profit appealing enough to work with?
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  • Real Estate Agent · Cupertino, CA · Member since 2016 · 4k+ posts · 1k+ votes
    8y

    Sounds like a winner. You put 25% down so you have a lower business mortgage.

    Need to factor in first time renovation cost to produce tenants. If all rented that expense comes later.

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