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Updated about 8 years ago,
Help analyzing a 6 unit
Hello All, I am wanting to purchase this property on a contract deal. Can anyone help analyze this with me?
Purchase price 165,000 Monthly Gross Income 2,827
Down payment 24,750 Monthly Expenses 2,214.72
Loan Amt 140,250 Monthly Cashflow 612.28
Loan interest 5.5
Mortgage 796.32
Vac rate 2% 56.54
Cap Ex 8% 226.16
H2O/ sewer 75
Property tax 275
Heating 188
INS 165
Misc 150
NOI 16,903.2