All Forum Posts by: Alex Jacobson

Installing a laundry room in my 6 unit. I explored coin operated units and stumbled across a company that has a product that converts any regular washer or dryer into a coin operated unit. I like the idea because I hear the coin operated can break down and are also expensive to purchase. This unit could be connected to any washer/dryer and only cost $300. Has anyone used them or have heard of such a thing?

Thank you! 

Alex

I saw on Youtube a couple with a 4 unit that collect aan average of $50-100 a month. Seems like a good way to cover the water costs and increase overall rent with on sight laundry. 

https://www.smartcoinbox.com/D...

The purchase price is $460,000. And it is 10 bed/ 10 bath. So yes 10 tenants!! . I live in Boulder and know the markets in this area and Denver are strong but think I would have to spend well over 460,000 to cash flow $1700. here is the BP rental analysis

Thanks for the reply and I do agree it could be a headache 

https://drive.google.com/file/...

Alex

Thank you Bjorn,

I am using my own judgments to come up with the expenses numbers (other than the sellers stated rents) A Estoppel Cert is a great idea I would not have thought of!. I know the area well, and toured it with a property manager. I think I could get the numbers above 1700. I appreciate your input and will keep you posted if I move on it!

Looking for a fresh set of eyes to look at a rental analysis for a 10 unit efficiency apartment building in Pueblo, CO. 

COC ROI: 21.8%

CAP RATE: 11.3%

GRM: 61%

I used conservative estimates: 5% capital expenditures, maintenance and vacancy. (In my experience these will be less for the area.) and 7.5% interest rate and am still showing a healthy cash flow of $1,700 a month. 

 Is this too good to be true? I am also always looking for investor partners on deals as well.  

Thank you!

Analysis linked below: Bigger Pockets Rental analysis