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Updated about 7 years ago,
Deal or No Deal for a Triplex
Greetings,
The deal (Triplex, 3-unit)
VA financed loan (no money down!)
purchase price- $400,000 @3.375%
property tax- $1200 Annual
Insurance- $1000-1200 Annual
Utilities $3600 (water only) Annual
other cost ($200) Annual
vacancy 5%
Property Management- None
Income $3300 ($1100 each unit)
1st year occupied by me (VA requirement) cash flow -$126
2nd year occupied without me cash flow +$841