Fourplex Analysis

[Louis Aller]

Hello everyone,

I was wondering if anyone can look at this deal and share some feedback, concerns or questions. I am trying to figure out if the numbers will work and if I should put an offer. I appreciate any help. Here are the details:

Asking Price: 250k

30 year FHA loan at 3.25% with 5% down

Units: 2 one bedrooms at $800, 1 two bedroom at 1075, 1 three bedroom at 1400

Total Gross income: 4,075

Separate Utilities except water (which is outrageously high at $416 per month)

Taxes are 9,200 which is also outrageously high

Year Built: 1900 in C class neighborhood 

Thanks!