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Updated over 5 years ago on . Most recent reply

User Stats

71
Posts
45
Votes
Justin Woodworth
  • Madison WI
45
Votes |
71
Posts

[Calc Review] Help me analyze this deal

Justin Woodworth
  • Madison WI
Posted

View report

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

  • Justin Woodworth
  • Most Popular Reply

    User Stats

    4,876
    Posts
    2,466
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    Jaysen Medhurst
    • Rental Property Investor
    • Greenwich, CT
    2,466
    Votes |
    4,876
    Posts
    Jaysen Medhurst
    • Rental Property Investor
    • Greenwich, CT
    Replied

    @Justin Woodworth, the owner may be paying for utilities because they aren't separated. to do so would mean re-wiring and re-pluming the entire building and potentially installing 14 separate furnaces and water heaters. So, "instantly" bumping cash flow is unlikely. You need details here.

    Repairs and CapEx are too low. Figure 15% combined.

    What's the salt delivery?

    Assume some initial repairs. At least $10k. There's always something.

    If the owner is paying for all of the utilities, the associated expenses listed are ludicrously low. $85/unit/month for heat, hot water, electricity, water, sewer, and trash? Not on your life. I bet it's actually closer to $245/unit/month.

  • Jaysen Medhurst
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