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Making my first offer 6 unit $300K
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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