6 Units

[Daniel H.]

What do you guys think? Two 3-family apartment buildings on one lot.

Purchase price $300,000.

Gross rent:$4,800/mo - $57,600/yr

Cleaning and maint: $1,200/yr

Insurance: $3,400/yr

Repairs: $1,200/yr

Taxes:$6,000/yr

Utilities: $5,000/yr

Pest control: $1,200/yr

Total expenses $18,000/yr

NOI: $34,992

Mortgage: 6%, 20yr amortization commercial mortgage

$1,605/mo $19,258/yr

Cash flow: $15,734/yr