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Updated over 5 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Nathanael Smith
  • Rental Property Investor
  • Norwich, CT
2
Votes |
5
Posts

Considering making my first offer EVER

Nathanael Smith
  • Rental Property Investor
  • Norwich, CT
Posted

Found a house in my area priced at 135000. It’s a 3 family in a good enough area in a large rental market. I ran the numbers thru the deal check app and even with 2 units only being rented out it’s got a cap rate of 10.1% and cash flows 408 dollars a month at 1200 per unit for per month rent. With all three being rented out at 1200 dollars per month it’s cap rate jumps to 13.4 and cash flows 1100 a month. What do you all think about this? Any tips or advice on how to proceed?

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