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Updated over 9 years ago on . Most recent reply
4 Family Eval...What do you think?
Purchase price 180k, closing costs about 6k, initial repairs roughly 5k (based on review by my property manager/inspection)
Annual income total 39,300
Tenants pay own utilities, roof is about 6 years old, newer boilers, electric is updated
Expenses $ 23,032.00
Accounting $ 500.00
Lawn and Snow $ 1,000.00
Property Insurance $ 2,200.00
Property Management $ 3,144.00
Property Taxes $ 5,400.00
Repairs, Supplies, Maintenance $ 3,930.00 (10%)
CapEx $ 2,358.00 (6%)
Trash Removal $ 500.00
Utilities: Electric $ 500.00
Utilities: Gas $ 500.00
Utilities Water $ 1,500.00
Utilities Sewer $ 1,500.00