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Updated about 7 years ago,

User Stats

15
Posts
4
Votes
Zach Kiser
  • Denver, CO
4
Votes |
15
Posts

I need a second opinion on 4plex analysis please

Zach Kiser
  • Denver, CO
Posted

Looking forward to hearing you thoughts.

I am considering putting in an offer on this 4 plex.  I want to see what everyone thinks about if this would be a good deal to get me started.  do my numbers look realistic. 

I got the rent off the MLS and checked it with rentometer and 1300 is below average.

I am guessing 10k or less for repairs.  I would personally live there without any cosmetic repairs.

I am accounting for abut one month rent each for vacancy, maintenance, and capex.

10% for management for future management needs

I plan to use fha and live there for the required period so these numbers are for after I move out and rent all units.

Link to my analysis is below.

I am wanting to start buy and hold and would love to be ready to buy another in a year or so.

any advice would be appreciated - Zach Kiser

https://www.biggerpockets.com/calculators/shared/8...

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