[Calc Review] Help me analyze this deal. First Multi-family prop

[Larry Lee]

Looking to purchase this triplex as my first multi-family investment.  I'm wanting to get a couple sets of eyes on the calculator...what do you all think?

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*This link comes directly from our calculators, based on information input by the member who posted.

[Greg Miller]

Larry,

I would raise your interest rate to 5.5-5.75% range.  With the Fed raising rates two weeks ago, I highly doubt that you can get a 5.0% interest rate anymore.  Your repairs/capex rate is too low at 4% combined.  HVAC and roofs need to be updated at some point in the future.  Properly plan for them on the front end.  Your monthly income comes out to $375/unit/month.  This is pretty low...just plan for potential tenant credit issues.  There is a reason they can only afford this amount.  One acre is big.  Have you received a quote on the lawn mowing cost?  Trying to give you a few things to think through.  Your Cash on Cash is pretty strong.  I always ask why someone is selling their property...you can gain some good insight by listening.