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Updated over 2 years ago,
[Calc Review] Help me analyze this deal - first 6-unit property
Hi everyone,
This is my first time using the calculator for a 6-unit property I bought. Rehab is expected to finish on August 19th, 4 units are occupied at new rents, 1 is vacant and one is getting worked on.
I think I did it right... but I am confused on the financial projections, why it is above the $700,000 ARV, which I think it's more reasonable, I went back and checked and I think I put the ARV where I was supposed to. I am trying to determine what value it could appraise to plan on either a re-fi or sell. I am leaning toward selling.
Any input would be greatly appreciated, thank you.
Andres