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Updated over 15 years ago on . Most recent reply
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Newbie with first possible rental deal
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