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Updated over 7 years ago,
6 family deal evaluation
I have a 6 family deal on the table.
I believe I can get for 400k
Real estate tax reportedly are $4000
Water sewer $200 reportedly
Insurance $2700 per yr
Gas $600 per yr
Electric $750 per yr
Garbage pick up $750 per yr.
Plus lawn and snow care
Current rental income $3945
After purchase projection $4200 (on low end)
Great neighborhood A+ and the property is in great condition...
Look for help interns of is this a good deal... and if so what would be the best way to structure it? How in regards of a bank loan? Also as a owner finance?
Does these numbers work at this price or should my offer be lower as a multi family investment.