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Updated almost 4 years ago, 02/24/2021
[Calc Review] Help me analyze this deal
Would you buy this deal? This is an 8 unit apartment. Based on several comparable apartment buildings, 2/1 units are leasing for $550-$650. My plan would be to increase the rents to this level over the next year, representing at minimum an increased monthly gross of $4400 ($600 more/month than now). All of these 2/1 units are currently leased at $475. These apartments have a history of near 100% occupancy. Also, you'll notice a fairly low property management fee in the attachment. This is because I run a property management office and this is an estimate of my cost for my office to oversee the property.
https://www.biggerpockets.com/...
*This link comes directly from our calculators, based on information input by the member who posted.