[Calc Review] Help me analyze this deal

[Ryan Rex]

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

[Joe P.]

How are you buying a $850,000 property for...nothing?

How are you only paying $3,000 in closing costs for a $850,000 property?

Why would you buy a 4plex for $850,000 but only get $4500 a month in income? Even if you raised the rents to $1600, that's still $7,200 and is not enough to cover you.

Most importantly, your estimates for expenses are, for a lack of a better term, a joke. You are setting aside NOTHING for maintenance, CAPEX, vacancy, et al.

If this is some kind of joke post where we spot the worst deal possible, do we win a prize? If so I'd like to claim it. This is horrible. It's like not even close.

My favorite part of the calculator is the 50% rule. It shows you after income-taxes-generic 50% expenses what your income will be. You will be paying out the nose for this property, and I think the minus 2k a month figure is being generous. Run, don't walk, away from this.