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Updated almost 7 years ago,
First Deal Ever - Need more eyes on my analysis.
Hey All! Big shout out to all of BiggerPockets for being AWESOME!
So I'm working on my first every deal here in Northfield, Minnesota, and have analyzed this thing to death. So instead of running the numbers for the 20th time, I thought I'd reach out to all you great people and get some other eyes on this one to either confirm or deny if I'm crazy. I'm hoping if I lay out the data, ya'll can tell me if I'm missing something or if this is solid! Thanks so much in advance!
INCOME
EXPENSES
I have researched the local rental rates pretty extensively using Craigslist and Rentometer and feel that my rental income numbers are pretty solid.
Other Facts:
- Built in 1969
- Off market sale
- New Roof in 2007
- Plenty of off street parking
- All 4 units have separate access and a common laundry area
- Not sure yet if I would end up with instant equity
Any feedback would be greatly appreciated!!!