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Updated about 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • North Falmouth, MA
1
Votes |
12
Posts

Offer Accepted!! 4 units!

Account Closed
  • Rental Property Investor
  • North Falmouth, MA
Posted

My offer was accepted. Asking was $142,500 and I got it for $133,000. Here is info:

VT multi family

4 units all 1 bed/bath

2 units with oil include heat in rent at $800 for one and $825 for other

2 units with propane tenants pay heat at $650 each

Tenants pay electric, cable, garbage etc.

Income is $2925

Expenses are:

Tax - 303

Ins - 200

Utilities - 427

Vac - 234

Repair-146

CapEx -292

PM-292

Mort-490

Total - $2384

Cash Flow- $541

541*12=$6492

20%= 26600

Closing = 8100

Inspect = 500

Total 35,200

(6492/35200)*100= 18%

Looks awesome! Could I be forgetting anything?

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