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All Forum Posts by: Jason Mellein

Jason Mellein has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Evaluating a property

Jason MelleinPosted
  • Posts 2
  • Votes 1

Aidan,

Thanks a lot! I was better with the numbers about two years ago after listening to Brandon Turners audiobook but that was when I didn't have any cash and didn't purchase anything. Now that I have the cash I need to get back in the books.  Thanks again! 

1 Vote
Buying & Selling Real Estate

Post: Evaluating a property

Jason MelleinPosted
  • Posts 2
  • Votes 1

Hello,

  Thanks for reading my post. I'm new to investing in real estate but I'm hoping you guys can run these numbers and tell me what you think. 

I'm contemplating buying a "luxury" duplex built in 2018. The purchase price is $875,000 with $19,000 in annual property taxes. The insurance is 3,100/yr. The mortage rate would be 4.5%. Both sides are rented and going for $3,250 EACH and both tenants have already agreed to pay $3,500/mo each next year. 

Being that it's new construction and bringing in $7,000/mo next year with a mortage that I have at $5,400/mo do you guys think that's a good deal? What are you seeing as the cash flow after  capex,prop man etc.? Thanks again for your help!!

Jason 

0 Votes