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Updated almost 6 years ago,
does this sound good and whats my ROI
I'm looking to buy a 4 family for $75,000 hear is all the info with numbers I came up with not actual real numbers but the taxes and rents
purchase $75,000
down payment $1500
balance $60000
taxes $650 a little high
payment $250
interest $300
insurance $200
water sewer $200 they pay all other utilities
maintenance $150
total cost per month $1750
total rents $2600 and that could really go up to $2800 but I kept it low
total cash flow $850 a month
Does it look like i'm missing anything for operating cost ? what would my ROI be on this ? also I could possibly add a 5 apartment in this home from what the listing says but I just went with numbers from a 4 family . Tenants pay all utilities but water and sewer .