Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

124
Posts
22
Votes
Walter Correia
  • Lender
  • Charlotte, NC
22
Votes |
124
Posts

What should I sell my investment property for?

Walter Correia
  • Lender
  • Charlotte, NC
Posted
My wife and I own a 3 family home in the town of Lancaster, Massachusetts. We got an appraised value last year in November of 320k while we were living in one of the units. We currently rent the 3 units for a total of 3,800 per month average expense is 2,550 including mortgage and taxes, water, heat, and snow removal. These expenses are averaged high to give us a better idea. Our cash flow is average 1,250 monthly,, yearly 15k. We purchased the house at 283,500 back in 2015. The roof is 10years old, boiler is 11 and works efficiently. The house has been renovated through out. Newer windows, carpet, hardwood floors and Laminate flooring, newer cabinets and appliances. Pretty much the house does not need anything to be done for year. It's a total of 2,100sqft with a finished lower level unit with 1,100sqft totaling 3,200 square feet. How much should would I be able to sell the house for? It's hard to find a multi family in the town.

Loading replies...