All Forum Posts by: Briana Cialkowski

I increased the maintenance and Capex for a combined 20% ($5,832 anually), vacancy 8%. At the asking price $220k, 20% down at 7% for 30 years, current rent of $2,430, cash flow came out to $84/mo.

It is an older house built in 1893.
Definitely re-thinking. Thank you for the feedback, I appreciate it!

Tenants pay for utilities, so for expenses I have vacancy 8% ($198), taxes $395, insurance $85, maintenance 3% ($74), CapX 5% ($124). 

I figured it would be a gamble but with the seller still receiving monthly cash flow, I think that maybe it would be intriguing.  

My main concern is that I am not running the numbers as accurately as I should be, or if it’s just too much of a stretch. 

Need advice. I’m considering putting an offer in on a triplex listed for $220k. Current rents are a bit below market, $2475 total, 3bd 2ba, 2bd 1ba and 1bd 1ba. I was thinking possibly doing $200k, 20% down and seller finance 50% of down payment at 7-8% over 5 years. The numbers I’m running show that it will still cash flow around $150/mo. If I raise the rents for example $25 each, cash flow is now $327/mo. I’m playing the long game so cash flow is not a huge deal in the near future. Is this a little crazy? Offers are due Sunday so I’m wondering if this is an attractive offer or just crazy lol. Thanks!