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Updated almost 8 years ago,
Need help figuring out Expenses for MFU
Good morning BP'ers
I was trying to analyze a 4 unit multi family property off the MLS listed at $199000 with only 4 category of expenses provided by seller - insurance, water/sewer/trash, electric and taxes. I do have the actuals for these too and they match what they provided. Some of the expenses I know that I should consider are Capital expenses@10% as the last roof replacement is unknown (property built in 1980s), Repair expenses@ 5%. Seller did many improvements over last 5 year, Lawn care/ snow removal expenses, around 3%.
So my question is, what all other common expenses am I missing to come up with a realistic NOI compared to what seller provided ($13000)?