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Updated almost 8 years ago on . Most recent reply

User Stats

65
Posts
8
Votes
Kenny Oliver
  • Avondale, AZ
8
Votes |
65
Posts

Help me analyze this property

Kenny Oliver
  • Avondale, AZ
Posted

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

Most Popular Reply

User Stats

65
Posts
8
Votes
Kenny Oliver
  • Avondale, AZ
8
Votes |
65
Posts
Kenny Oliver
  • Avondale, AZ
Replied

@Mary Stead residential from what i know anything over 4 units is commercial if it was 5 then its commercial

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