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Updated over 7 years ago,
Help me analyze This deal
Hello all
I am going to look at this place tonight and wanted to make sure i did not miss anything on my numbers.
Any feed back would be helpful. This would be my 2nd deal if i were able to close.
9317 Main St, Whitmore Lake, MI 481894 unit
All 4 units 1b/1b
Asking Price: 199,000.00 Offer Tbd
Possible repairs: 30,000.00
Monthly Costs:
Taxes: 525
Vacancy: 100
Management : 200
Capex : 125
Maintenance :100
Mortgage 6.5 % land contact 3 year amortized over 30 with balloon
Total Monthly expenses:
Mortgage:1000
Potential rent:2600
Monthly Cash Flow: 571
Rental Price per unit $650.00 Tenants would pay own utility's