Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago,

User Stats

1
Posts
0
Votes
David B
  • Buffalo, NY
0
Votes |
1
Posts

5 unit investment analysis is it a good deal?

David B
  • Buffalo, NY
Posted

I'm in the process of closing on a 5 unit (4 unit 2 bdrm 1 unit 1 bdrm)
price is 199K
total income 33300 less 5% vac ~31635
total exp 14802

Taxes are 6890
Insurance 1250
Electric 600
Water 800
Mgt 1581
Maint 1581
Reserve 1250
Snow 400
Lawn 450

Annual payment to mortgage is 10.8K

I wanted to get others take on the numbers, i'm doing my due dillegence and background it is in an ok area middle to lower income right outside of buffalo, virtually no crime but incomes are a little lower in this area so i would class it in a B almost C neighborhood.
wanted to see what others take is on this is it a good deal? and am i missing something.
I know with the mortgage at the end of the day only leaves me to pocket 4K... could you give some insite to a new investor here. thanks

Loading replies...