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Updated over 1 year ago,
Is this a deal?
Hello,
I am new to the multifamily arena and need help analyzing this deal. Any thoughts?
Quadraplex
3 units recently renovated and rented at $1,200/mo
1 unit unrenovated and rented at $750/mo
NOI: $35,000
Listed Price: $449,000
15% down on a 5 year balloon, amortized over 30 years: $2,475/mo
With these numbers, I project the monthly cashflow to be $173/mo. And that is if I manage the property myself. What do you guys think my asking price should be? How do you evaluate your deals?