Fully occupied 6-unit in SATX asking $340k cash
Hey BP family,
Do my numbers make sense to you? Stabilized value add.
Fully occupied 6-unit in SATX asking/purchase price $340k ($56.7k/unit) all CASH.

Annual
gross income $52,500
LL paid utilities $9,600
taxes $4,356
insurance $2,880
Mngmnt $4,200 (8%)
Maintenance $5,250 (10%)
NOI $26,214
CAP 7.7%
1% rule 1.2%
Buying with hard money > REFI with 25% down, 4.5% interest, 25y arm 5y balloon.
Would love your feedback, thank you!