Quad MF Investment

[Nicholas Wood]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Princeton.

Purchase price: $250,000
Cash invested: $50,000

Under contract on a 4 unit Multifamily in a B+ location. Seller is older looking to unload, nice guy. 2450/month gross rents. Trash is only expense aside from Taxes and insurance. 15% DP, 6.99% interest, 5/5 ARM, 25 year Amortization. PITI = 1,870.. Cash Flow is roughly 500 after all expenses accounted for. (Trash, lawn in the summer)