First Multi Unit Purchase

[Ben Hosseinzadeh]

Hi everyone,

I am new here and this is my first post.  Love all the content and discussions in the forums.  I’m looking at purchasing my first multi unit and wanted get your thoughts on the deal. The property is in Cathedral City, CA. The details are below:

5 units all 2 bedroom 1 bath

3,897 sq ft

List Price: $749,900

Income: $5780/month

Prop Tax $9336 a year

Water $1800 a year

Insurance $1875 a year

All tenants have a 1 year lease.

After running the numbers, It looks like I can cash flow about $650/month. The units have not been updated since the property was purchased in 2004.

Look forward to hearing your thoughts!

Thanks!