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Updated over 7 years ago,
Is this a good deal ?
Found a 12 units listed for $595,000
Rent collected $79,920/yr
Expenses :
Tax - $ 3299
Water : $ 4736/yr
Waste : $ 1320/yr
Electric : $ 12,240/yr
Total Expense : $ 21,595
I'm new to this and trying to grasp as much info as possible to get into Multifamily RE investing.
Looks like all water heaters were replaced less than 4 yrs ago. Roof replaced in less than 3 yrs ago. I'll put 20% down. Haven't looked at loan yet. Not sure what APR I'll get. I have excellent credit and 6 figure job.
Thank you