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Updated over 9 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Paulo Gama
  • Canfield, OH
3
Votes |
8
Posts

Making my first offer 6 unit $300K

Paulo Gama
  • Canfield, OH
Posted

Hello all.

I'm looking for advise on a 6 unit property in OH.

Six unit building.

 Rental income                   $ 54,000.00

Property insurance              $ 1,700.00

Management Fee                 $ 2,656.00

Real estate taxes                $ 6,904.00

Repairs & Maint                  $ 2,000.00

Lawn & snow removal         $ 1,600.00

Trash removal                      $ 831.00

Gas & electric                      $ 2,400.00

Water                                    $5,584.00

These are the expenses I came up with.  Am I missing something and does this look like a viable investment.

Any feedback will be greatly appreciated.

Thank you.

,

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