Updated about 8 years ago on . Most recent reply
3 unit $330k deal analysis
I found a 3 unit multi-family less than a mile away from another 3 unit I have. This new 3 unit has 2 beds, 2 beds and a one bed unit and priced at $330k.
Total rent is $3,000. With $82,500 down I'm looking at a mortgage, tax and insurance of $1750 monthly.
Other costs are water/sewer $250 month. Landscape snow removal $50 month. Basement electric $20 month which total $320 monthly. The house is in good shape, separate utilities and is aluminum sided.
I'm looking at fixed costs of about $2,100 monthly. Normally in a deal like this I'd like to have my fixed monthly lower but deals are thinner nowadays.
Thoughts?