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Updated almost 4 years ago,
Help me analyze my first deal!
Hello, I am looking at acquiring our first rental property! I would like a little help to make sure I am analyzing it correctly.
Its a triplex, renting for $700, $525, and $450. Seller is asking $102,000. Located in northern Indiana.
Monthly:
income: $1675, Mortgage : 390 (after 20% down), Property tax: 142, Insurance $100, management: $168 (10%), Maintenance/etc: $ 167. Tenants pay all utilities. Am I missing anything else?
That leaves a cash flow of $708/mo.
I have not laid eyes on the inside yet, it may need some upgrades.
Any help/ advice you can offer would be greatly appreciated! Thank you so much!!!