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Updated about 7 years ago,

David Boroughes's profile image
David Boroughes's profile image
David Boroughes
  • Rental Property Investor
  • from Newport, RI
  • Member since Aug 30, 2015
  • Posts 72
  • Votes 48
  • Experience 25 Yrs
  • Investments 6
Connect

User Stats

72
Posts
48
Votes
David Boroughes's profile image
David Boroughes's profile image
David Boroughes
  • Rental Property Investor
  • from Newport, RI
  • Member since Aug 30, 2015
  • Posts 72
  • Votes 48
  • Experience 25 Yrs
  • Investments 6
Connect
David Boroughes
  • Rental Property Investor
  • Newport, RI
48
Votes |
72
Posts
Real Estate Deal Analysis & Advice

Deal or no deal on apartment complex

David Boroughes
  • Rental Property Investor
  • Newport, RI
Posted

Looking for thoughts on offer price, I have an idea, but want to see what others think.

12 units apartment complex

asking price $1,000,000

Gross rents $100,000

Total of all expenses $35,000

NOI $65,000

down payment 25%

Finance 75% at 5% amortized over 25yrs

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