4 Plex Deal or no Deal.
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.