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Updated almost 7 years ago on . Most recent reply

User Stats

33
Posts
4
Votes
Sam Schrimsher
  • Rochester, NY
4
Votes |
33
Posts

4-plex deal analysis

Sam Schrimsher
  • Rochester, NY
Posted

Hey guys, 

Appreciate it if some folks could provide feedback on my deal analysis. Want to see if i’m on the right track. This is two duplexes. I wasn’t too sure about my capex and repair costs. I think Brandon said around $200 (repairs & capex) for sfh and 8% of gross rent for multifamily. I ended up going 5% repairs, 12% capex because that works out to $400mo~. I figure two duplexes will be around the same as two sfh’s, right?

Also, i figured each duplex could share a large trash can. Is that reasonable or should everybody have their own? 

I figured $120mo for lawn service, but only for 6 months. I didn’t include a snow removal service. Or is that something i should provide with multifamily?

I included a water/sewer guesstimste but did not include gas/electric as it’s my understanding that the tenant typically pays for that.

https://www.biggerpockets.com/buy_and_hold_results/606753.pdf?c=1519067776

http://www.loopnet.com/Listing/1830-Clifford-Ave-Rochester-NY/11382207/

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