All Forum Posts by: Joseph Salzillo
Joseph Salzillo has started 18 posts and replied 53 times.
Post: 14.5% COC Return: Central CT Triplex
- Real Estate Agent
- Connecticut
- Posts 59
- Votes 53
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $231,000
Cash invested: $58,000
Commercial loan triplex purchase in central CT with partners! This one brings in $2,915/mo in gross income with roughly $700/mo pure cashflow after mortgage PITI, property management, maintenance, CAPEX, and 8% estimated vacancy; pro forma 14.5% cash on cash return.
How did you finance this deal?
80% LTV Commercial loan amortized over 30 years
How did you add value to the deal?
The property is currently being stabilized by removing non-paying tenants and upgrading each unit with newer finishes. Proforma rents with updated finishes are projected to be $3,100/mo
Post: Triplex House Hack via FHA Loan in Middlesex County
- Real Estate Agent
- Connecticut
- Posts 59
- Votes 53
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Marlborough.
Purchase price: $535,000
Cash invested: $27,000
Contributors:
Lien Vuong
This purchase is my first investment property and I live for free! It is a legal 3-family house-hack with $4538 in gross rents with all units rented ($3638 living in one of the units and renting a bedroom out).
Post: Triplex House Hack via FHA Loan in Middlesex County
- Real Estate Agent
- Connecticut
- Posts 59
- Votes 53
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Marlborough.
Purchase price: $535,000
Cash invested: $27,000
Contributors:
Lien Vuong
Three-family property: 6 beds, 3 baths, $4538/mo in gross rents.