first real estate deal triplex on septic.
I'm currently looking at a triplex in St. Joseph, Missouri. I have ran the numbers on two different calculators and have two different numbers. It seems like a good deal but a little nervous the number are wrong. Here are the numbers.
Asking price $169,000
Down Payment 25%
Total Rent is $1900 per month
loan Rate 6%
Property Tax $108.33 Per month
Insurance $118.08 Per month
Property Management 10%
Cap X 5%
Other expenses 8%
Any help would be greatly appreciated!
Thank you,
Houston Schubert