[Calc Review] 7 Unit Multi-Family Off Market Deal.

[Paul H.]

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

The property is off-market, I will be using a little bit of OPM to finance this deal. How do my numbers look? 

Unit 7 is not currently rented.

Garages will be rented by the previous owner upon sale of the property.

[Tim Herman]

@Paul H. very interesting reading. 1% vacancy is the same as your tenant staying an average of 100 months. Already have 1 vacancy and paying 2 to move out. That's 3. You can have 4 more turnovers out of the 7 units in the next 8 years 4 months. Don't know if covid prevented evictions. Some landlords won't get income for 6 months in the states. I use 8%. Your reserves are low. Say you have 7000 sf of flooring. Life span of 10 years. My area it is $6 sf to replace. $42000/10 year life span/12 months in a year =$350 per month for 1 item, Have 2 roofs 25 year life span, 7 sets of appliances and hot water heaters 12 year life span, hvac 20 year life spam, bath and kitchen remodel 20 year life span.etc. Since this is the only reserves I am assuming the repairs must come out of this account. My area it is a $150 per service call.4 calls would take the other $50 per month in your reserves. I use 15% for reserves. Your PM must charge less than the states.