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Updated 17 days ago, 12/07/2024

User Stats

115
Posts
22
Votes
Marita Jojo
  • Rental Property Investor
  • Philadelphia, PA
22
Votes |
115
Posts

ROI question for experts

Marita Jojo
  • Rental Property Investor
  • Philadelphia, PA
Posted

Need help with ROI

Single Family

Purchase Price - 260k

Taxes - $10k

Rennovations - $30k

Rent - $4k/month

ARV - $400k

If I convert it to multi family - 4 units

Purchase Price - $260k

Taxes - $10k

Rennovations - $110k

Rent - $5k/month

ARV - $500k

Please advise what will be the best option to move forward.

Thanks

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