[Calc Review] Triplex Analysis

[Nick Beeler]

Hello all!

I would love feedback on the numbers in this analysis. If you are familiar with the Spokane C class neighborhoods, let me know what you think about this deal. Would you take it?

Also, what is your favorite way to fund this type of property?

The reason I did not jump on this was that it shares the same lot as a 4-plex, so it would make sense to buy all 7-units and perform rehab as a single project. In other words, I would be required to bring a lot more cash to the table, and I was not looking to take on that level of rehab in a part of town I am not as comfortable in.

View report

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

[Robert Kincaid]

@Nick Beeler

I would think the rent would be more in line with the $900-$1,000 range if finished nicely, but you will be fighting the neighborhood for that value. 

I know what buildings you are talking about and I fell into the same boat but my analysis ran into cashflow issues. I was not as optimistic about rents but I could very well be wrong about that.