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Updated about 6 years ago, 10/28/2018
4 unit deal in Chicago suburbs
Looking at this 4 unit deal. Numbers are as follows....
This is my first deal and am looking for some more experienced guidance.
Monthly Gross Rents: $3700
Laundry & MISC: $100
Annual Scheduled Income: $45,600
Vacancy 2% & Loss: $1000
Gross Income: $44,600
Expenses:
Taxes: $10,000
Insurance: $1500
Trash: $600
Lawn Maintenance: $800
Snow Removal: $500
Gas: $500
Electric: $1300
Cleaning/Janitorial: $900
Repairs: $1000
Turnover Replacements: $1500
Legal: $300
Total Projected Expenses: $18,900
Projected NOI (before debt service): $25,700