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Updated about 5 years ago on . Most recent reply

User Stats

132
Posts
89
Votes
Adam Wigdorski
  • Rental Property Investor
  • NY
89
Votes |
132
Posts

At what point do you integrate coin laundry?

Adam Wigdorski
  • Rental Property Investor
  • NY
Posted

At what point aka number of units per building do most people integrate coin laundry.

I normally buy doubles and 3 units. When I buy those I always buy roeper washing and dryers per unit and include it in rent. So 780 per unit investment one time cost. Between the laundry and created off street parking I usually juice the rent 150 per month per unit. So on a 4 unit building it would cost 3,120 up front. So it would take 6 months to recoup initial cost. Let’s say they last 5 years.

Now looking at the commercial coin operated. First I’m lazy and not collecting and rolling coins every month so I’d need the card reader ones. But then now your talking big money.

3k for a decent stacked machine. 500 for the card reader setup. 40 bucks per month on internet service for the card readers. What ever per swipe fee the processors charge.

So say you want 4 stacked units. What’s the final cost 14k and 50-100 per month?

I was looking

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