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Updated almost 12 years ago,

User Stats

35
Posts
0
Votes
Trevor Martin
  • Real Estate Investor
  • Orlando, FL
0
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35
Posts

Apartment Analysis Help

Trevor Martin
  • Real Estate Investor
  • Orlando, FL
Posted

Good morning all! Make today a productive day :)

I'm relatively new to REI and only have two single family homes under my belt at this point. I'm going to a showing for a 12-unit apartment building today, and was hoping to get some more experienced insight on whether or not I should pursue this deal:

12-unit Apt Building
Asking Price: $575,000
Yearly Income (rent): $75,000

Expenses:
Insurance: $2,250
Taxes: $7,800
Utilities: $2,000
Management: $6000 (8%)

Is there anything else I need to take into consideration? As I said, I'm a newbie, and this is my first time dabbling in anything but SFRs.

Thanks!

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