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Updated almost 7 years ago on . Most recent reply

Eric Tan's profile image
Eric Tan's profile image
Eric Tan
  • Rental Property Investor
  • from Park Ridge, IL
  • Member since Feb 15, 2016
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User Stats

67
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14
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Eric Tan's profile image
Eric Tan's profile image
Eric Tan
  • Rental Property Investor
  • from Park Ridge, IL
  • Member since Feb 15, 2016
Connect
Eric Tan
  • Rental Property Investor
  • Park Ridge, IL
14
Votes |
67
Posts
Real Estate Deal Analysis & Advice

20 units for $1.45 M.... how do I knowing it’s a good deal?

Eric Tan
  • Rental Property Investor
  • Park Ridge, IL
Posted
Info: 20 units for $1.45M Income: $17k/month : 2 x 10 unit buildings (tenant pays electric) 4 x 2bed/1bath @ $900-$950 6 x 1bed/1bath @$700-$750 4 x laundry units Cap Rate 8.3 Expenses: Property Tax $35,231.50 Water $9,450 Insurance $5,000 Scavenger $1,906 Fuel $5,954 Electric $1,247 Other $4,687
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