Is this deal feasible?

[Momk M.]

Property is 220,000

Its a 4 unit in Trenton which is being totally gutted as part of the deal. All 4 units must be occupied at time of closing as well.

Insurance	$125.00
Interest on loan(s)
Land tax	$259.00
Legal expenses
Pest control
Property agent fees/commission	$290.00
Repairs and maintenance	$145.00
Capital works deductions
Stationery, telephone and postage
Travel expenses
Water charges
Vacancy Est	$203.00
Total expenses	$1,022.00
Net rental income or (loss)	$1,878.00

[Andrew Davis]

Hey Momk,

Totally gutted and redone?

Net rental income or gross?  What will each unit rent for?

Here's a calculator that should help you:

http://www.biggerpockets.com/buy-and-hold-calculat...