Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Is this a good deal?
Happy New Year to everyone!
I'm hoping to get some insight on whether this is a good deal or not? Any help, suggestions or feedback would be greatly appreciated. The breakdown on my potential deal is as follows..
12- 2 bedroom 1 bath units
washer/dryer hookups
1000 sq ft.
2 buildings total- each have 6 units a piece
Property was built in 2000 so fairly newer
Located on the outskirts of St. Louis in a decent community with a great school system. Total of 15,000 people in town.
Purchase price -630,000$ - Paying 15% down
Rent Roll- 625$ per unit- 90,000$ yearly
Owner pays for Lawn Care and Trash only- 4200$ per year
Taxes- 13,500$ yearly
Insurance- 6000-7000$ yearly
Obviously would have to factor in a mortgage payment.
Windows, air conditioners, roofs all in great shape.
Any advice would be great! Thanks!