Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Self storage deal analyzation- yet again asking for help
So I am analyzing my first deal and trying to come up with a good value for the property. Please help!
Asking price: $210,000
66 storage units
100% occupied currently
Generating $3,300 a month gross
Taxes: $4500 per year
Insurance: $1500 per year
Book keeping: $1200 per year
Does $210,000 sound like too high or too low? After I run all the numbers if I bought it at $200,000, it seems pretty solid being that it is netting around $30,000 a year (if my math is correct) but I have never done this before. Any help would be great.