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Updated almost 5 years ago,

User Stats

111
Posts
15
Votes
JayCinta Henry
  • Investor
  • Mesquite, TX
15
Votes |
111
Posts

[Calc Review] Help me analyze this deal-4plex in Dallas TX.

JayCinta Henry
  • Investor
  • Mesquite, TX
Posted

View report

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

One unit is currently vacant and I would move into it for 1 year, as an owner/occupier with a 3% down payment, while hacking the other bedroom for $500/pm (4plex has 2 br each). One unit is rented for 950, 900 and 850. It seems eventually rents can be raised to 950 atleast. My report here is based on 2nd year after I move out, assuming rents at $950/unit, and the numbers look brutal (I am not sure if I did this correctly). My main goal is ensuring positive cashflow than appreciation for now. With this info, I am not sure how to consider or work out this deal in the first year and the years thereafter, to make sure this deal is worth pursuing. Is it possible to make this work, how would you do it?

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