Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

19
Posts
2
Votes
Dutch Smythe
  • Investor
  • Lake Worth, FL
2
Votes |
19
Posts

Something Not Adding Up

Dutch Smythe
  • Investor
  • Lake Worth, FL
Posted

So, it is a commerical property. It has 4 units but currently two businesses: one used 3 spaces- the other the remaining.

$1917 rent from tenant 1

$800 rent from tenant 2 who pays all water. (Long term tenant whose rent has mot increased in 15 years)

Insurance and tax currently paid by owner.

Needs a 30k new roof.

Maint: $1600 annual

365k for sales price

Tax on that price would be $8600 annually

Insurance $3400 annually

Question: Should I evaluate this deal from how I would structure rents and payments? I see not profit from the current set up of rents and the other arrangement of tax and insurance. 

What am I missing here?

Loading replies...