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Updated almost 7 years ago,
How much should I pay for a multi-unit property?
Hello Bigger Pockets team,
I am looking for a formula to help me gauge what price I should purchase a multi unit property for. I am looking for a 4-5 plex, I live in Burlington, Ontario. I don’t want to over pay for a property so I would like a guideline or template to follow. I’m looking for something based on the raw numbers of income and expenses that gives me what a property is worth.
Property 1
RENTS TAXES UTIL
Total 3,073 208.14 817.07
Apt 1 548
Apt 2 575
Apt 3 600
Apt 4 625
Apt 5 725
Property 2
RENTS TAXES UTIL
Total 2,165 137.41 460.71
Apt 1 595
Apt 2 795
Apt 3 775
Property 3
RENTS TAXES UTIL
Total. 1,695 133.25 327.86
Apt 1 550
Apt 2 550
Apt 3 595
Property 5
RENTS TAXES UTIL
Total 2,310 141.23 456.33
Apt 1 750
Apt 2 835
Apt 3. 725
Property 6
RENTS TAXES UTIL
Total 2,875 136.67 156.54
Apt 1 725
Apt 2 825
Apt 3 800
Apt 4 525
Property 7
RENTS TAXES UTIL
Total 2,200 165.43 478.75
Apt 1 950
Apt 2 550
Apt 3 700
Property 8
RENTS TAXES UTIL
Total 3,575 413.27 286.21
Apt 1 800
Apt 2 725
BSMNT 250
Comm 1,800
Property 9
RENTS TAXES UTIL
Total 2,238 152 471.23
A 625
B 575
C 600
D 438
Any help is appreciated. I have some examples of deals on the table I am considering.