Commercial Cashflow

[Angel Perez]

I flip single family homes so commercial is not an area I deal with too often. I have an opportunity to make a cash purchase but wanted to know how appealing the numbers might be to someone who would be the end buyer and hold the property.

I considered holding it myself but it's just not my thing. I would prefer to buy it and resell right away.

That said here are the numbers:

Purchase price: $300k
Current rental income: $1,900/mo

Zoned R3
Currently there are 3 units on the property. One is being used as a church and the other two is essentially a duplex.

If more info is needed just ask and I'll provide what I can.

[Sean Brennan]

rental income per year is 22800 minus expenses estimated at 50% (which could be way off) would give you a net of 11,400. That is not a very good return (3.8%) Unless there is extra land or extreme upside in the rents. Unless I am missing something. Doesn't sound too good. Sorry Angel