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Updated almost 8 years ago,
Fresno, Ca deal analysis
Hi all, I've been mostly browsing and would like some thoughts on investing in the Fresno, CA area. I came across a 6 plex for $275,000. The listing shows a rental income of $36,900, expense of $14,760. So the supposed net income is $22,140 annually. When I asked the agent what the expenses consisted of, he said gardener, maintenance/repair, electric, water.
In terms of analyzing this deal, what else should I consider if my plan is to put 20% and have a property manager to manage it? Also, this will be my first time looking at a multi-unit property, so would welcome any feedback. Thanks everyone!