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Updated almost 8 years ago on .

User Stats

31
Posts
2
Votes
Leon Henry
  • Real Estate Investor
  • Pittsfield, MA
2
Votes |
31
Posts

6 family deal evaluation

Leon Henry
  • Real Estate Investor
  • Pittsfield, MA
Posted
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.