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Updated over 6 years ago,
Help analyze first potential deal! triplex, cash flow solid?
Hey All - Been analyzing potential in NY upstate for a while now. I have a triplex selling for 115k. It's currently fully rented and currently cash flowing. I don't know of any current repairs needed but obviously will look into that deeper. Looks pretty turn key and seller needs $ for next project.
Ran the calculator and I "think" it looks good. I have vacancy, and expenses around 9 to 11% monthly. There is currently an "excellent" long term manager in place to manage, which is needed since I am not local.
Anything I am missing? Thoughts? Since it's NY I will check on the bigger expenses such as roofing, water heaters, etc.