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Updated about 9 years ago,

Account Closed
  • Ljubljana, Ljubljana
0
Votes |
4
Posts

Investment analysis. Would you get into this deal? Need help

Account Closed
  • Ljubljana, Ljubljana
Posted

So I am a student and I have been thinking of buying my first real estate deal. I am looking for cash flow in the long term. I am from Europe so the prices and cost figures that I will give you might be slightly different. So here is the deal? What is your advice?

The deal is:

Purchase price: 110.000

Repair: 120.000

Units: 5

Rent per unit: 350

Rent total (monthly): 1.750

Rent total (yearly): 21.000

-------

Downpayment: 65.000

Mortgage: 165.000

-----

Costs (yearly)

Property tax: 1.000

Insurance: 300

Rent tax: 2.000

Other expences: 500

What do you think. Every advice would be greatly appreciated.

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