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Updated over 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Charlotte, NC
2
Votes |
13
Posts

Multi-Family Buildings

Account Closed
  • Investor
  • Charlotte, NC
Posted

I'm trying to understand the numbers on a 5 family building.  Asking $450,000 with annual revenue of about $45,000. Annual Expenses before debt service are about $14,000.  Considering leveraging a property for the 20% down payment but not liking the numbers.  Seems like too little return considering the loan amounts involved.  Any guidance would be greatly appreciated!

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