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Updated over 4 years ago,
Sample Deal Analysis Albuquerque NM
This is my first post on BP, I am trying to become more confident with analyzing deals. It seems like most of the properties outside of the really bad neighborhoods in Albuquerque do not meet the 1% rule. I found one that does and was wondering how someone with experience would crunch the numbers on it and their projection on how it might cash flow. Link for the property below along with some of the information from the MLS.
513 Vancouver Rd SE,Rio Rancho, NM 87124
A Fully occupied, 4 plex for sale. All units have refrigerators, stoves, stacking washer/dryers, and private backyards.
2 bedroom 1 bath units, actual gross rents $700 a month, $33,600 a year. Approximate taxes $3200 a year. Owner pays water & trash.
https://www.realtor.com/reales...
Appreciate anyone’s time that may take a look and provide feedback