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Updated almost 11 years ago on . Most recent reply

Samuel Larger's profile image
Samuel Larger's profile image
Samuel Larger
  • from New Bremen, Ohio
  • Member since Aug 13, 2013
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Samuel Larger's profile image
Samuel Larger's profile image
Samuel Larger
  • from New Bremen, Ohio
  • Member since Aug 13, 2013
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Samuel Larger
  • New Bremen, OH
2
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24
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Real Estate Deal Analysis & Advice

Final Offer Placed - Your Thoughts?

Samuel Larger
  • New Bremen, OH
Posted

I have been in verbal offerings and submitted a final official offer and wanted your opinions. Location is Champaign County / Dayton Ohio area. It is a 4 Unit with 3 units occupied with myself to occupy the 4th.

Sale Price: $115,000

Loan: $92,000

3/1 ARM @ 3.25%

Mortgage: $400
Tax: $265
Insurance: $75
Expenses: $985

Gross Rent: $2200

Thanks for your input and advice! It is a pre 1900's home too.

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Cal C.'s profile image
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Cal C.
  • Investor
  • from Peachtree Corners, Georgia
  • Member since Feb 11, 2014
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Cal C.'s profile image
Cal C.'s profile image
Cal C.
  • Investor
  • from Peachtree Corners, Georgia
  • Member since Feb 11, 2014
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Cal C.
  • Investor
  • Peachtree Corners, GA
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Cal C.
  • Investor
  • Peachtree Corners, GA
Replied

Those numbers look good, but you didn't mention the elephant (whale really) in the room deferred maint.

Also, I'd try to lock in a long term rate.

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