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Updated over 15 years ago,

User Stats

2
Posts
0
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Mike Hyser
0
Votes |
2
Posts

Newbie with first possible rental deal

Mike Hyser
Posted

Please let me know what you think of this deal. Apartment house with 4 apartments for $85,000.00.

100% Financing
Monthly payment: 30 Years
Interest rate: 7.000%
Loan amount: $ 85,000.00
$ 565.51 a month

Rents and bed/bath of each unit are as follows.
BM Bath Rent
2 1/0 $625
1 1/0 $395
1 1/0 $435
1 1/0 $550

The way I figure it the numbers work on this house.
Please let me know what you think. Thank You - Mike

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