Deal Analysis for an Illinois multi family property (8 of 10)

[Marshall Shen]

Hi there,

I'm doing a 10-day deal analysis challenge where I analyze one deal per day. This is my 8th day :)

I changed it from 30-day to 10-day challenge because I start to get a hang of it :) 

I analyzed a deal in college town (Urbana, IL), and assume a reasonable rent, and it passed 1% rule.

Based on the asking price, I estimated it will generate a negative annual cash-on-cash return, assuming 20% downpayment. But I'm thinking about negotiating with the realtor with a steep discount in order to generate a positive cash-on-cash return (20% discount price), given the current economic situation. 


The detailed analysis can be found here: https://bit.ly/2XpSQul

Thank ahead for reviewing!