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Updated almost 6 years ago,

User Stats

13
Posts
7
Votes
Joe Santos
  • Rental Property Investor
  • Calgary, AB
7
Votes |
13
Posts

Need Help Analyzing this 4 Unit

Joe Santos
  • Rental Property Investor
  • Calgary, AB
Posted

Hello BP,

I crunched the numbers on this 4 unit that I'm looking at and just wondering if I got it right.

A little background on the property:

C Class property in Dayton OH, by a well-known hospital

Listed at 150000, owner willing to finance with 20% down at 7% interest for 5 years then balloon payment

The place is fully occupied with long term tenants

Here are the numbers

Total monthly rent:     2150 + 200 (coin operated laundry)

Total monthly income:     2350

Expenses

Mortgage: 798.39

Taxes: 190.77

Insurance: 100

Electricity (for the laundry, tenants pay their own with separate meters): 85

Water/Sewer/Garbage: 110

Vacancy, Repairs, CapEx, Property manager @ 10% of rent each : 215 x 4 = 860

Total Expenses: 2144.13

Cash flow: 205.78

I did do the numbers on a much conservative side. Any feedback would be awesome.

Thank you for your time!

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