Analyze This Deal

[Gabriel A.]

29 units in Midwest.

Asking Price: $1.1M
$875k of which is in assumable loans.
PITI: $9319

$14,925 in rents collected if 100% full. I have data for last 24 months, average actual collected is around $12.5k/month.

The owner has been doing the maintenance himself, so it's hard for me to budget for that.

Is there any price at which this looks like a decent deal?

Thank you!

Gabriel