Updated almost 5 years ago on . Most recent reply
[Calc Review] Triplex Analysis
Hello all!
I would love feedback on the numbers in this analysis. If you are familiar with the Spokane C class neighborhoods, let me know what you think about this deal. Would you take it?
Also, what is your favorite way to fund this type of property?
The reason I did not jump on this was that it shares the same lot as a 4-plex, so it would make sense to buy all 7-units and perform rehab as a single project. In other words, I would be required to bring a lot more cash to the table, and I was not looking to take on that level of rehab in a part of town I am not as comfortable in.
*This link comes directly from our calculators, based on information input by the member who posted.
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I would think the rent would be more in line with the $900-$1,000 range if finished nicely, but you will be fighting the neighborhood for that value.
I know what buildings you are talking about and I fell into the same boat but my analysis ran into cashflow issues. I was not as optimistic about rents but I could very well be wrong about that.