Updated about 6 years ago on . Most recent reply
Offer Accepted!! 4 units!
My offer was accepted. Asking was $142,500 and I got it for $133,000. Here is info:
VT multi family
4 units all 1 bed/bath
2 units with oil include heat in rent at $800 for one and $825 for other
2 units with propane tenants pay heat at $650 each
Tenants pay electric, cable, garbage etc.
Income is $2925
Expenses are:
Tax - 303
Ins - 200
Utilities - 427
Vac - 234
Repair-146
CapEx -292
PM-292
Mort-490
Total - $2384
Cash Flow- $541
541*12=$6492
20%= 26600
Closing = 8100
Inspect = 500
Total 35,200
(6492/35200)*100= 18%
Looks awesome! Could I be forgetting anything?