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Updated over 1 year ago,
Help analyzing 5plex please ?
Deal
5 plex- Four 2-1 and One 1-1
Current rents 4650
Possible to raise to 4800
Asking price 475,000 offer of 450,000 accepted
It’s in excellent condition, well maintained and fully rented in great school district
Newer roof, bathrooms and kitchens
Loan details- DSCR 112500 down at 6.35% for 20year with 5 year arms
PITI 3363
Repair, vacancy and capex- 230,230,460
Lawn Service/ snow removal 160
As is with only CF 157 total but if you don’t factor capex, repair or vacancies it would CF 1,077 if you increase rents it would CF even more. If rates ever come back down it would be even sweeter. What do you guys think?