To buy or not buy 4 Plex
I'm look at a 4 plus in Boardman Ohio. Asking price is 155k. I like to offer 145k. Annual rent is 25,860$, laundry 261$. Taxes 3,256$, insurance 1,304$. My calculations get me 142$ cash flow a 5.73 cap and a 3.71 cash on cash ROI. the rents are 525,515,525 and 600$. I don't get the 600$ one but it's true. I know I can get al the rents up to 600$ over the next few years. Good buy or not?