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Updated about 10 years ago,
Multi-family break down
How accurate do these numbers look? I would like your feedback. Might be buying a multi-family here in the next few months and am trying to get my numbers correct.
I am not buying this one, but it is a sample deal I've seen on the MLS.
If you can't see it in full, click here: http://i39.tinypic.com/2e67rev.jpg
How are my insurance numbers? Is $1,500 annually to small (for SFR I'm paying $800).
- 20% of monthly rent to vacancy
- 10% of monthly rent for property management
- 10% of monthly rent for maintenance
My ARV valuations might be slightly off. I went off the 1% rule of thumb. I am not looking to sell real fast so that does not concern me as much. The appraisal should give me a more accurate value.
Thanks in advance
Danny