Help me analyze this deal

[Lindsey Clark]

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

Purchase price: $250,000. Putting 25% down amortized for 30 years. Fourplex, all 2 bed 1 bath units.Three units renting at $750 and one at $600/ month.

$2,850.00MONTHLY INCOME$2,231.01MONTHLY EXPENSES$618.99MONTHLY CASHFLOW6.77%PRO FORMA CAP RATE$16,914.00NOI3 monthsTIME TO REFINANCE10.83%CASH ON CASH ROI6.77%PURCHASE CAP RATE
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Hi everyone! This will be my first multifamily deal as well as my first out of state deal. Found this one off market through my realtor. Located in Ohio in a desirable B class neighborhood. I plan to add value and increase rents. Anything else I should be taking into consideration? I appreciate any input.

[Lindsey Clark]

Hi @Ryan Mainwaring. Thanks for the well wishes and for taking time to reply to my post. My goal is to cash flow at least $100 per door and to meet the 1% rule. From the numbers I am getting it seems to check off both of those boxes. I didn’t mention that this was a property built in 1944. Are there any typical concerns for properties that old in the Ohio area? I’m sure there will be some surprises along the way but trying to anticipate as many expenses as I can.