Deal Review

[Alex Tenenbaum]

Anyone able to help me with this deal, I'm not sure what price I should offer for this, there's a four plex unit in a working class neighbor. Taxes around 7,000 a year.

Seller wants about 240,000; has a newer roof. Rents are: 

575.00/month

$575.00/month

$750.00/month

$575.00/month

I'm assuming I'd need to do 25% down, but can get 30 year mortgage. Any idea on what I should offer, seems really small cash flow if you add taxes, mortgage, insurance, and maybe capex or vacancy. Any ideas?

Expenses seller is showing for common area:

Expense		2014	2015
Water		$1,040.68	$ 1,114.20
Electric		$ 693.39	$ 911.47
Gas		$ 764.00	$ 680.99
Misc.		$2,254.23	$ 1,179.85