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Updated almost 10 years ago on . Most recent reply

User Stats

28
Posts
8
Votes
Casey Maib
  • Investor
  • Napa, CA
8
Votes |
28
Posts

Newbie trying to run numbers on trip-plex

Casey Maib
  • Investor
  • Napa, CA
Posted

this would be my first deal and i am not sure if its even worth looking at.

listing price is 795,000 (i would offer lower) which is comparable to sfh in the same area.

first unit rents at 2400 1b/1b

second unit rents at 1800 1b/1b

third unit is not permitted and currently rents at 800(this would be my residence in a house hack situation)

property tax is 3300 a year

this is a older house that has been maintained(new roof/siding/kitchens)

with little experience i would say this is a b+ a- house in a B B+ neighborhood

property is in downtown Napa which gets a lot of tourist activity vacation rentals go for 300 per night average

financing is through a partnership passive investor using 200,000 down to get tradition financing title will be in my name

it must be noted this is the first house i have seen with any cash flow. listing prices are high, stock is low and people buy for appreciation

this house is nowhere near the 50% or 2% rules am i crazy for looking at it

thanks in advance and let me know if i need to give more info

Casey

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