Updated almost 5 years ago on . Most recent reply
Investment property advice
New investors buying our first 4-plex rental!
Where: Florida
What: 4 unit townhomes
Each unit is 2 beds/2.5 baths
1200 sq ft.
One car Garage
Separate meters
3 are occupied, 4th to be occupied by us because we are using the VA loan.
Mortgage $515,000
2.25 APR
$0 down
Rent $1000 a month
Closing costs $13,000
HOA Fees $100
Insurance $175 monthly
Taxes $5600 yearly
With this being our first purchase EVER, we would like to know is this is a good investment?