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Real Estate Deal Analysis & Advice

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Adam L.
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rookie: analyzing 10-unit vs SFH? reading the proforma?

Adam L.
Posted Jul 16 2020, 19:17

So I've read a lot about SFH calculations and worksheets and trying to figure out if they are good deals, but I'm thinking I want to jump into a larger project. I've come across a 10-unit building in a nearby close city asking $1.6M. Curious if anyone could help and earn some good karma?

It's a stand-alone building with 10 units.. 

Asking price:  $1.6M: 35% downpayment, 30yr term, 4%: -$58,650/yr

Gross Rental: $112,200/yr

Net rental w/ 2% vacancy: $111,156/yr

Total Operating Cost:  $33,227/yr (utilities, maintenace, taxes, 6% management, etc)

Net Operating Income: $77,929/yr

Less Mortgage: $19,278/yr

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