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All Forum Posts by: Alex Weinstein

Alex Weinstein has started 1 posts and replied 2 times.

This has 12 units. I put in 10% for repairs and 10% for Capex as it's an older property could probably use paint, but it appears to be renting out well with its current appearance.

Is this deal within range of a reasonable offer? Has 95% Occupancy, 1950s building in so so part of town.  

$415,000 Purchase Price

$80000 Rental income

$8000 management 10%

8000 Capex 10%

8000 Repairs 10%

4000 Vacancy 5%

$4237.62 Taxes

$18713.64 Loan payment

$2138 Insurance

$10000 utilities

$63,088 Expenses

$16,912 Income

$125,000 down/ $290,000 Loan

13.5% Cash and Cash