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Updated over 8 years ago,
Triplex is it worth it? Numbers sound to good to be true?
expenses 2096
repairs 225
vacancy 315
Property management 450
Rental Income stated by seller to be 4500$/month for all units
Cash flow 1414/month
ROI 96%(As I'm only putting 17500 of my own money for a price value of 350,000)
Its walking distance to a university and will be an out of province investment for me. The seller seems to have multiple units available but the numbers seem to good to be true?