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Updated about 7 years ago,
Help with 9plex deal analysis
Hello,
I recently found a property that is a 9 plex. It's 5 1 br/1ba units, and 4 2br/1ba units.
From my best research the 1 brs will bring in around 550-600 and the 2 brs will bring in around 750-800 for a total of around 5750-6200.
The information I have says it is fully rented out and the landlord pays trash and water. I'm not totally sure how much these would typically run. This is in a smaller city(maybe 50k people) in Texas maybe 45 minutes out of Houston.
The tentative numbers I've estimated seem to indicate it's a good deal, but I'd love to have a few more eyes on it.
What information could I provide you guys to help?