Multi family Yearly Expenses figure.

[Abdessettar Ibourki]

I Found a multi Family (4 Units) Property that I am interest in. The Owner posted that the yearly expenses are $9700.00. I checked the Assessor website to find that the Property Tax is about $6000.00.

When I subtract the Property Taxes from the Expenses I am Left of with $3700.00 which is $308.00 a moth!!!

This last number ($308) does not make sense to me as it will not cover the insurance, maintenance, grass...

Am I right in my doubts? and either case what do you guys suggest to Confirm/Check the Expenses numbers.

also if any of you know of a related post to this topic please let me know of the link.

Thanks.