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Updated about 3 years ago,

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Stormy Case
Pro Member
1
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Multifamily 12unit Deal or No Deal

Stormy Case
Pro Member
Posted

Looking at a small multifamily property in a small town and would like some help in evaluating the numbers for this property.

$800K for 12 units.  Taxes are $14k. Insurance $4000 (estimate??).  Expense calculated at 10%/unit per month.   Proforma says 10% Cap rate.  Looking to put 10% down and getting financing for 90% (80% conventional and 10%private/hard).  Steady tenant occupancy.  Recently remodeled so not much room for upgrades.  Rent ave $725.    It appears to cash flow at these numbers but feel like I'm missing something.  Please give some insight.  Thanks.

  • Stormy Case
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