Deal analysis - White Plains

[Mike A.]

Hey guys, I am hoping someone can look at this deal analysis as I am going through a multiple offer situation.  It's a 3 unit multi-family, which is vacant. The owner cleaned up the entire place. New floors, appliances, cabinets, bathrooms, etc.  It's about 1m, and should bring in between 75k - 92k a year gross.  I've added the breakdown to this post and attempted to use conservative numbers.  I find that it's vacant a plus btw.  I know I can fill the units within a month's time.

[Josh C.]

@Mike A.

Maintenance and vacancy happen. We manage a tons of properties and 40-50% expenses (not including debt) is very common. If you are really scrappy maybe 35%. But over a 5 year average these numbers are too optimistic.

Good luck!