Fully occupied 6-unit in SATX asking $340k cash

[Jan Kutrzeba]

Hey BP family,

Do my numbers make sense to you? Stabilized value add.

Fully occupied 6-unit in SATX asking/purchase price $340k ($56.7k/unit) all CASH.



Annual

gross income $52,500

LL paid utilities $9,600

taxes $4,356

insurance $2,880

Mngmnt $4,200 (8%)

Maintenance $5,250 (10%)

NOI $26,214

CAP 7.7%

1% rule 1.2%

Buying with hard money > REFI with 25% down, 4.5% interest, 25y arm 5y balloon.

Would love your feedback, thank you!