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Updated about 3 years ago on . Most recent reply

User Stats

40
Posts
24
Votes
Afam Agbodike
  • Rental Property Investor
  • New Haven, CT
24
Votes |
40
Posts

[Calc Review] Help me analyze this deal

Afam Agbodike
  • Rental Property Investor
  • New Haven, CT
Posted

I'm looking for advice on this property. It's a total of 14 units across multiple building, about half of them are efficiency units, and then a few 1, 2 & 3 bed units. It is in a low income neighborhood, but I don't yet know if it's low income, or gangland.

The numbers in the report are from 2020 taxes, and the agent has updated rents showing about $7,600 per month, although there are 3 vacant units with estimated rents in that number. I don't have latest expenses, but I'd imagine some increase there.

The utilities expense is quite high, and are entirely paid by the landlord. I don't know what the "other" expense is yet.

The buildings are old and look like there is quite a bit of deferred maintenance.

I'd greatly appreciate any advice on this

View report

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

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