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Updated about 14 years ago on . Most recent reply

User Stats

377
Posts
56
Votes
Tony Nguyen
  • Investor
  • Tampa, FL
56
Votes |
377
Posts

Would you buy this 4 unit?

Tony Nguyen
  • Investor
  • Tampa, FL
Posted

Hey guys,
I am analyzing this deal below and wanted to see what you guys thought about it. Personally, I don't think it's a steal deal, but the only reason why I am even debating about buying it is b/c it's right across the street for the Univ of Central FL and in a very good part of Orlando, FL. I do believe the area will thrive in the next 5 years so that is why I'm trying to see if the price is justifiable or not. So here are the details;

4 unit
$625 per unit, 2/2 each
Price: $250k
$50k down
Seller finance $200k
5.5% interest rate
5 year balloon, amortized 30 years
** if at this price it isn't a good buy, what do you think a fair price would be?

Thanks for any advice and input in advance!

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