4 Plex Deal or no Deal.

[Bill Kennedy]

1 bed 1 ba units rented at 450/per month. 

Coin oI laundry 45.00

Total Income $1,845

Property Tax $151 

Insurance $67 

Vacancy $90 

R&M $180 

Management $144 

Lawn/Snow $125 

Water $140 

Gas $65 

Electric $50 

Trash Service $70 

Total Expenses $1,082

Purchase price $88,000

Repairs $2,500

20% Down Loan 

$17,600 down

$70,400

Int Rate 5%
P & I  $378

Net Cash Flow $385/month 

Cash-on-Cash 23% first year

I'm going to put it under contract tomorrow. 10day inspection period with a financing addendum.