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Updated almost 9 years ago,
First out-of-state deal
Hello friends,
I am an investor with a few properties in CA, but now I'm looking at out-of-state properties.
So I'm looking at this fourplex - I haven't actually seen it in person, but here are the numbers, which look good to me:
Purchase price: $50,000
Rent: $1820/month
Expenses including management, taxes, insurance, water/gas: $660/month
Vacancy/CapEx: $364/month
P&I: $190/month
This looks pretty good to me, but I wanted to do a sanity check with the folks here.