Louisville Kentucky Deal Analysis

[Nate B.]

What are your thoughts on the deal below?

https://www.redfin.com/KY/Louisville/1393-S-3rd-St-40208/home/84213664?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

[John Sherwood]

Hey @Nate B.. NOTE at the bottom "Owner pays utilities." Probably doesn't have separate meters. So, you need to factor that in. Though, I suppose you could look into trying to split them through RUBS (ratio utility billing system), or putting in things like True Submeter.

But, when I ran the numbers for it a couple of weeks ago, the landlord utility costs made the numbers not work for me.

I'm working on another deal (not pursuing this one), so I'm happy to share what I have with you to see if it aligns.