All Forum Posts by: Steve R.

4 plex

list price $400k

fourplex : monthly total rent 900*4 = 3600

(appreciation stay the same for past 5 year)

• Capitalization Rate: 8.22

• Gross Annual Expenses: $10,700

• Gross Annual Income: $43,500

• Insurance Expense: $2,500

• Net Annual Income: $32,800

https://www.redfin.com/TX/Austin/9706-Eastwend-Dr-78753/home/31510504
List price: $320,000 now have multiple offer.  does it really make sense to buy cash flow negative duplex? (this with the assumption in the future, the rent can be increase and the appreciation of the house increase.   

@Tamilaruvi Manisekaran

yes, i am checking the price of fourplex in the past 3 months in Austin as well. it just overprice with number of bid keep pushing it higher.