Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
20 unit Apartment complex - $700k, good deal or not?
Looking at this decent 20 unit apartment complex. Below are the current break down of income and expenses. PM fees are also included in Total expenses. Sales price is $700k. Loan would be 25% down at 4.5% fixed for 7yrs. Would this be a good investment? The numbers have held steady for the past few years and should remain relatively the same.
Rent Income: $167,940
Less: Vacancy/Deductions: $16,794
Effective Gross Income: $151,146
Less: Expenses: $81,727
Net Operating Income: $69,419
Less: Debt service: $31,920
Total cash flow: $37,499