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Updated over 6 years ago,
4 Plex Texas DFW Metroplex
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!!!