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Updated almost 10 years ago,
Quadruplex Analysis
All, the following analysis is for a quad for which I just put in an offer. I've read the blog posts regarding the evaluation of properties and what each metric analyzes - I know what all of these mean, but I'm not sure as to what is considered "good," besides more money in my pocket. At $331/mo, how does this seem? Is this even correct? Specifically on this deal, would you mind giving a thumbs up/down, while also offering some ways to sweeten the pot/things to look for in another property? Thanks.
Info -
Using a VA + Renovation loan (renovation wrapped in), therefore 0 down, no PMI, assuming $10k (conservative estimate) in improvements.
Currently rents (total) at $2k, will increase to $2200 if my deal is accepted.
Utilities = water only