Updated almost 5 years ago on . Most recent reply
Triplex deal analysis
Been looking at small multifamily for a while for buy & hold. Found a CA triplex and ran through the calculator with conservative numbers. It's an older triplex but expecting to renovate and raise rents with tenant turnover. Any feedback?
- Purchase Price: $330,000
- Financed: $264,000
- Closing Costs: $4000
- Repair Costs $0
Monthly Income:
Rent: $2700
Monthly expenses:
- Tax: $213
- Insurance: $110
- Vacancy: $270 (10%)
- Repairs: $135 (5%)
- Cap Ex: $135 (5%)
- Management Fee: $216 (8%)
- Other Expenses: $150
- P+I: $1,153
- Total: $2,382
Cash flow: $317
Cash to Close: $70,000
Cash on Cash ROI 5.45%