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Updated almost 14 years ago on . Most recent reply

User Stats

14
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0
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Obed Lorisson
  • Real Estate Investor
  • Valley Stream, NY
0
Votes |
14
Posts

Multifamily deal analysis help

Obed Lorisson
  • Real Estate Investor
  • Valley Stream, NY
Posted

I have this property that I'm interested in , is located in Baltimore ,in the market more than 200 days . Bank owned property
4 unit : 3 2br unit , 1br unit .

List price :$44900
My offer price :$32500
Arv :$ 175000(just to be on the safe side)all the comps i pull from various sources it's between $165000-190000 , it may be more
Rehab : 20000 *Unit =$75000 (it's ball park )cause i didn't inspect it yet (just to leave some room to breath

so i consider 2 exit strategy ,either i wholesale it to another investor for an assignment fee or i will rehab and rent for a refi.

i would like somebody more experienced than me to look at those numbers, and tell me if i am wrong or it a feasible deal, some values are estimates but the property taxes is not estimated , the rent asumptions is by rent comps that i use for the area
2br = $850 1bdr = $750
, i used realyields analysis software ,in this model i assume that i will wholesale for a $5000 fee, also the type financing i used is hard money .Be sincere with me because im a newbie ,if my offer is accept , it's gonna be my firt deal . thank you everybody any suggestion let me know
[url] here's the link to go see http://realyields.com/p/pumk

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