Help me analyze this deal

[Tiffany Paige]

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I'm brand new to this Real Estate Multiunit Game. 

I have a general contractor and available funds. 

I'm being conservative with the numbers. So I can make a mistake without my nerves being bad. :) 

Does this seem like a good opportunity or not so much? 

[Dorothy Butala]

@Tiffany Paige I looked at the report. It is kinda of basic and doesn't have a lot of inputs I use. What area is this in? How many units? Did the financing fall through because the PP did appraise? At first glance the COC seems way too low, you should be targeting at least 8% annually. Do you know what the IRR is targeted to be? Where did you get the cap rate from?