3 Unit Analysis

[Neil W.]

Looking for any feedback. Already under contract, just interested in what others have to say. Thanks.

50k PP and loan will be for 50k. I'm paying only closing cost.

Rent = 650 + 425 + 315 = 1,390

Taxes + Insurance = 208

Water, Refuge, Lawn/Snow, Permits/Inspections = 295

Separate gas & electric paid by tenants.

I'm allocating $100 for short term repairs and $100 for long term repairs.

Total Exp = 703

Cash Flow = 687

100% Occupancy = $687 -- Cap Rate equals 16.5

90% Occupancy = $549 -- Cap Rate equals 13.16

80% Occupancy = $410 -- Cap Rate equals 9.83

50k at 4.25% over 7/20 years = 310 monthly payment