All Forum Posts by: Glory Dasilva

@Stace Thanks à lot for your reply, I just posted an update with all the details

@Jonathan Greene thanks a lot for your reply

@Glory Dasilva

Hi everyone, the owner just reduced the price and below is more info:

Purchase price: 200K

Monthly Income

-unit 1: $1098

-Unit 2: $775

-Unit 3: $710

Total= $2,583

Monthly expenses:

-vacancy: $258.30 (10%)

-CapEx: 258.30 (10%)

-Repairs: 258.30 (10%)

-PMI: 136

-Property tax: $320 from my realtor (but $360 from my lender)

-Insurance: $100

-Water & sewer: $38

-Garbage $23

-P&i: $866.66

Total expenses: $2,298.56

Monthly cash-flow : $284.44

Total cash needed: 14k

Cash on cash ROI: 24.38%

NOI: $13,813.20

Built in 1915

Here are some the updates to the house:

- Newer electric panels & wiring

- Newer plumbing, hot h20 tanks and heating

There are currenlty long-term tenants and rent could be higher.

@Michael Dang

Yes, it’s all included in my expenses 10% vacancy

Hi everyone, I’m trying to acquire a property in Albany, NY. Do you think I should go for it based on the numbers below?

The property price is $205K

Total Monthly income from the 3 units: $2,583.

Monthly expenses: $2,320.22

Monthly cash-flow: $262.78

Total cash needed: $14,175.00

Cash on cash ROI is 22.25%