Multi Family Home in Arizona

[Ryan G.]

Hi everyone,

I am in the middle of running numbers for a few properties and I want to make sure I don’t get blindsided after the fact. So here are the numbers I have looked at so far. Also, any advice from anyone, I would greatly appreciate.

Units: 12

Build Year: 1950s

Offering Price: $900K

Cap Rate: 7.75%

Monthly Gross Income: $7100

Monthly Taxes: $600

Monthly Insurance: $200

Monthly Maintenance: $100/ unit (guess)

Is there anything I am not looking at? Is there something I should be focused on? There is upside potential in this place, and the rents are under market by about $200/ unit.

Thanks in advance everyone!