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Updated about 8 years ago,
Houston Multi-Family Expenses
Hi all - I'm looking at a 25 unit property in Houston. It's in foreclosure and due to be sold in Sept. I'm trying to run numbers through the Rental Properties Calculator but I don't have enough information or knowledge to fill in all the expense items. I was wondering if you all could help me come up with reasonable averages for this type of property - in Houston in particular???
25 units build in 1971. Supposed to have had new roof done this year.
I need the following
Cap rate
Water
Sewer
Electric - has laundry
Garbage
Insurance
Other
Vacancy %
% towards repairs and maintenance
% towards cap x
% prop mgt fee
Thanks!
Keith