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Updated over 6 years ago,

User Stats

27
Posts
4
Votes
Scott Schober
  • Dallas, TX
4
Votes |
27
Posts

4 Plex Texas DFW Metroplex

Scott Schober
  • Dallas, TX
Posted

Hi all looking for some feedback on a deal, would really appreciate any input for a first time house-hacker. Looking to self manage as well. Numbers as they've been given to me:

+ Asking Price:  $296,000

+ Rental information 2br/1.5ba units: $770 - Gross Rental Income = $2,310/month (for 3 units- I'd occupy the 4th)

+ Financing info: conventional, 5% down, 30 years, 4.8% - $1,475/month

+ Property Tax: ~$485/month

+ Insurance: ~$66/month (can this be right? seems low)

+ Tenants pay utilities- metered units $0

+ CapEx- $350/month

Is this even close to a good deal? What am I missing as I calculate? Thanks for your help!!!

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