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Updated over 5 years ago on . Most recent reply

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Matt Watson
  • Rental Property Investor
  • Seattle, WA
0
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4
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Tacoma investors... need help analyzing a deal

Matt Watson
  • Rental Property Investor
  • Seattle, WA
Posted

Looking at purchasing a 5+ unit property in South Tacoma. Located SE of Tacoma Mall between I-5 and Pacific Ave. Having a hard time finding rent comps. Can anyone familiar with the area tell me how much they would expect an average quality 1-bed/1-bath rents for? Units are small (less than 500sqft).

Most Popular Reply

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1
Posts
2
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Anthony Sisco
  • Seattle, WA
2
Votes |
1
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Anthony Sisco
  • Seattle, WA
Replied

Run a 4 Square analysis on each unit after checking rental numbers for similar units in the area! Quick and easy- use an amortization calculator with the financial info to get a good idea of mortgage. 

https://www.amortization-calc.com/

https://www.youtube.com/watch?v=T_7vhsSBi7c

This is about a 5-10 minute method to get a quick and dirty idea if it'll cash flow or not. 

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