New 7 unit construction

[Dhruv Patel]

I am new to rental appartment so wanted to get some advice, if I build a 7 unit appartment for $700,000, say mortgage of  $4000 per month. I can get $7000 rental income per month total. Is this deal good ? Thanks 

[Stuart Udis]

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft. That seems to be unrealistic cost basis. Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.