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Updated about 10 years ago on . Most recent reply

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12
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0
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Kelly Stevens
  • Salt Lake City, UT
0
Votes |
12
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9-plex for $650000

Kelly Stevens
  • Salt Lake City, UT
Posted

I'm looking at a 9-plex for $650,000.  Current income (with very below market rents) is $52,188 after expenses it is $38,855.  I would put down 20% and get a commercial loan at 4.5% amortized to 25 years with a ten year loan maturity.  I could easily raise the net income to 61,000 Good deal? 

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