All Forum Posts by: Ekene Nwobodo
Ekene Nwobodo has started 1 posts and replied 4 times.
Post: Closing on a Multifamily property Hammond Park area (SW) Atlanta
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@Justin Kane hello, I’m not sure I understood what you meant
Post: Closing on a Multifamily property Hammond Park area (SW) Atlanta
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@Silas Rogers but based on it’s a duplex, what do you think?
Post: Closing on a Multifamily property Hammond Park area (SW) Atlanta
- Posts 4
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@Caleb Heimsoth can you go in a little detail why it’s not? Thanks.
Post: Closing on a Multifamily property Hammond Park area (SW) Atlanta
- Posts 4
- Votes 0
Hello All,
I got a deal for a multi family home which has 6bds, 3baths for $215k near Hapeville GA/Hammond Park close to the ATL airport. Each unit has 3 beds 1.5bath currently renting at $1050 a month with tenants currently in them. This property was bought 2 years ago for 80k and rehabbed and now being rented out. This is my analysis on the property below:
Every thing below is per month:
Rent: 2100/month
Mortgage: 1003
Insurance: 92
Vacancy: 105
Repairs: 105
Capex: 105
HOA: 0
Property Management: 210
Utilities (All covered by Tenants) 0
Revenue = $2100
Expenses (Mortgage + Other estimations) = 1003 + 617 = 1620
Cash flow = 480 per month
Please what do you think about this deal. Thanks a lot!!!!