Good or Bad Investment?

[Michael V.]

Looking into this property. In need of a second opinion.

Price	$750,000	Property Sub-type	Garden/Low-Rise
No. Units	45	Property Use Type	Investment
Building Size	35,000 SF	Cap Rate	17%
Price/Unit	$18,000	Occupancy	91%
Property Type	Multifamily	Lot Size	2 AC

Annual Total: 172,800

Operating Expenses (including annual taxes, maintenance and property management): est. 40,000

Annual Net Operating Income: 122,400

Monthly Income: 10,200

Coin laundromat on premises

If Financed:

Cash Down 20% $150,000

Financed 80% $600,000

With 3.5% APR and 30 Year Amortization Monthly Payments are $3367.84

Monthly Income $6832.16

Annual Income $81,985.92