[Calc Review] Help me analyze this deal

[Alex Ghameshi]

Hello All,

I was wondering if the folks here could evaluate this deal and let me know your thoughts. Some of the things I am thinking of working on to increase the cashflow is:

- Get an energy audit (Mass Save) and get any insulation work done to help with reducing the heat/ electricity bills.

- See if I can get the tenants to start paying electricity bills. Some electrical work is required to get this done (as there is no landlord meter at this time) but at least I can start with at least one/ two of the apartments.

-  Change the boiler to a higher efficiency one. Currently, its a 1960s oil boiler that was converted to natural gas. I am sure the efficiency of the boiler is low compared to today's boilers.

- Currently all tenants have dryer/ washer hookups in the basement and hence, water bills are pretty high. Change it to coin-op washer/ dryer to make tenants more accountable/ reduce water usage. 

- This is a buy and hold property. I am hoping above changes will improve the cashflow.  Please let me know your thoughts. 

View report

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