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Updated over 11 years ago on . Most recent reply

New Built 4 plex evaluation
Hi, BP
I am interested in a newly built 4-plex (2013) in Texas. Here are the numbers:
Purchase price: $447K
Downpayment: 25% (111.25K)
Monthly mortgage payments (4.75% mortgage): $1749/month
Taxes: $1,120 (estimated)
Insurance: $200/month
advertisement: $100/month
Property Management: $414/month (9%)
Repair/Maint: $0/month (1st year warranty)
Rents: $4600/month (it is fully rented)
Any thought on this would be much highly appreciated.
Thanks,
David