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Updated over 4 years ago on . Most recent reply

Kyle Fitzpatrick's profile image
Kyle Fitzpatrick's profile image
Kyle Fitzpatrick
  • Flipper/Rehabber
  • from Bloomington, IL
  • Member since Nov 25, 2018
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User Stats

26
Posts
2
Votes
Kyle Fitzpatrick's profile image
Kyle Fitzpatrick's profile image
Kyle Fitzpatrick
  • Flipper/Rehabber
  • from Bloomington, IL
  • Member since Nov 25, 2018
Connect
Kyle Fitzpatrick
  • Flipper/Rehabber
  • Bloomington, IL
2
Votes |
26
Posts
Multi-Family and Apartment Investing

Rental property analyzer

Kyle Fitzpatrick
  • Flipper/Rehabber
  • Bloomington, IL
Posted

Found a deal in Springfield IL in a good area. Triplex with rents for 700 each, property taxes of 3,500 per year. I would like to live in one unit and rent out the bedroom. What would you offer for this place? Off market deal. Fair market rent is probably 825 and I would only pay for trash and lawn. Thanks I’m thinking 135,000. Will probably need a few big ticket items like ac units soon.

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