3 Unit in Middletown PA - Is this a Good Deal

[Ethel Weaver]

Cost= $83,000                2964 Sq. Ft       3 bedroom 3 bath  1 garage

Near local college

Monthly Rent =$1355 for all three units      Median Rent in area is $550.00 per unit

Property Taxes 2994

Insurance 600 per year

Interest Rate 4%

Tenant pays heat and electric

Down Payment 29679 (includes 4134 closing costs)

Monthly payment 754.49 includes insurance and taxes

Expenses 1300 (Gas, water and trash)

[Ryan Milne]

@Ethel Weaver

If you have all these numbers I would encourage you to finish up the math for yourself, then post the entire analysis so others can look at your completed work. So take this all the way to completion.

Go ahead an calculate the percentages for vacancy (10%), maintenance (5-10%), cash flow, CAP rate, and ROI percentage.

This way we can not only look at the deal for you but also help check and grow your own ability to fully analyze a deal.

Ryan