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Updated about 4 years ago,

User Stats

10
Posts
3
Votes
Chloe Ralston
3
Votes |
10
Posts

Investment property advice

Chloe Ralston
Posted

New investors buying our first 4-plex rental! 
Where: Florida

What: 4 unit townhomes 

Each unit is 2 beds/2.5 baths

1200 sq ft. 
One car Garage 

Separate meters 

3 are occupied, 4th to be occupied by us because we are using the VA loan.
Mortgage $515,000

2.25 APR

$0 down 

Rent $1000 a month 

Closing costs $13,000

HOA Fees $100

Insurance $175 monthly 

Taxes $5600 yearly 

With this being our first purchase EVER, we would like to know is this is a good investment?

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