Help me analyze this deal
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Purchase price: $250,000. Putting 25% down amortized for 30 years. Fourplex, all 2 bed 1 bath units.Three units renting at $750 and one at $600/ month.
$2,850.00MONTHLY INCOME$2,231.01MONTHLY EXPENSES$618.99MONTHLY CASHFLOW6.77%PRO FORMA CAP RATE$16,914.00NOI3 monthsTIME TO REFINANCE10.83%CASH ON CASH ROI6.77%PURCHASE CAP RATE
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Hi everyone! This will be my first multifamily deal as well as my first out of state deal. Found this one off market through my realtor. Located in Ohio in a desirable B class neighborhood. I plan to add value and increase rents. Anything else I should be taking into consideration? I appreciate any input.
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