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Updated over 7 years ago, 03/09/2017
Help me analyze this property
So i have this 4plex im interested in but dont know if its a good deal
i ran numbers based on pro forma and got good numbers then i finally got the financial spread sheets and renters roll and its still kind of good but want to run it by you guys: some background
Property was rehabbed by current owner. has 4 separate hvacs
all interiors have been painted
newer roof
new carpet
new tile
List Price: $309,000
Year Built: 1960's
Units: (4) (2) 2 bed 1 bath (2) 1 bed 1 bath
Gross Monthly Rent: $2,695
Rents: $595, $595, $710, $795
Monthly Mortgage w/ 25% down & 4.5% interest rate including insurance and taxes: $1,356
Water, Trash, & Sewer: $200
Management Fees: 10% ($269)
Maintenance: 5% (134.75)
Landscaping: $130
Tenants pay electricity and gas
feel free to plug in any missing factors
all help is appreciated