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Updated almost 8 years ago,
4Plex Deal Analysis/Advice
Hi Everyone! What do you think of this 4-Plex deal?
Purchase Price: 117k (Will get it cheaper than this-probably around 105-110)
Estimated Repair Costs: 10k (May be less.)
20% Down
Income: $2275
Vacancy $295.75 (13%)
CapEx $227.50 10%
HOA $100
Management $227.50 10%
Property Taxes $99.42
Repairs $227.50 10%
Water & Sewer $100
Insurance $200
P&I estimated at $502.46
NOI $9568
Cash Flow $294.87
CoC ROI 10.29%
Building is 31-40 years old
I tried to estimate high. My insurance and water/sewer will most likely be less. I will manage it myself for now. I also estimated vacancy and repairs on the high end. Thoughts?