First MFR analyze this!

[Derwin Villanueva]

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

Hey BP this is my foray into the MFR world of REI. 17 unit C class gem and part of the deal includes a new re-roof for 3 buildings and re-gravel of the driveway plus exterior paint on three buildings. Seller asking $550k and claims 95% occupancy and will have 100% occupancy as a part of the sales agreement. Seller is also offering finance for 20 years at 6%. I need to come up with 25% down. Private money anyone?!

Adding 1-2 more coin-op laundry and PV solar for common areas and dividing the utilities are my future value add projects.

Let me know what you think.

[Arlan Potter]

It appears to me:

Rents are too low for $32,000/door

Insurance too low

Cash on cash doesn't make sense since you are not putting cash in

Too thin to baby sit for 30 years