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Updated over 3 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
I'm looking to take the plunge and make my first investment in a multi-family property. This analysis assumes I can get $20k below asking, but the property has been on the market for 2 months now and there's been one $20k price drop already. Good people of BiggerPockets - does this seem like a reasonable deal to you? Any feedback, thoughts, or advice would be greatly appreciated!
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@J Hurwitz, what is condition of property? If you have to replace a roof, that will take up a years worth of your free cashflow. What about HVAC, kitchen, water heater, etc?
That would be my biggest concern, since you only have 1,800/yr of Capex reserved. Also, how many units is this? In my SFRs and duplex, my turns would be north of $1,000 each to bring paint scheme current, and make any necessary fixes to "wear and tear" items.