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Updated almost 8 years ago on . Most recent reply
First investment opportunity in Baltimore
I've recently got a Triplex property under contract and I used the BP calculator. I think the numbers are good but I need other opinion. Thanks in advance!!!
Here are the numbers: 1920 house
ARV- 150000
Purchase Price-115000
Annual property tax -4248
Rent-2200 for 1/1, 3/1.5 and 2/1 units
Insurance-36/mo
Conventional financing at 5.125% for 30 years but I'm thinking of doing 15 years instead
Repairs- 20000
Capex-8%
Vacancy-5%
Repairs-8%
PM-10%
Most Popular Reply
15 year is a bad idea. You can always pay more on a 30. You can never pay less on a 15