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Updated over 7 years ago,
Good deal or too small?
Condo in belmont cragin. Investor owned 50%. $105k with 10% down $10,500 and owner financing 5% 25 years.
$505 mortgage + $70 taxes + $200 assessments (includes heat) = $775 total and rents for $1100 so cash flow $325 monthly+$200 in amortization. Special assessments here and there may add $100 a month? and occasional vacancy its a 40 unit low rise. Has ac window units and no mechanical in the unit to brake.
Granite countertops and some new drywall/paint. Flooring is old and cracked.