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Updated almost 7 years ago,

User Stats

11
Posts
1
Votes
Michael Sifontes
  • Investor
  • Burlington, Ontario
1
Votes |
11
Posts

How much should I pay for a multi-unit property?

Michael Sifontes
  • Investor
  • Burlington, Ontario
Posted
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.

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