All Forum Posts by: Jonatas Silva

Thank you guys, now i just need to find funds for this. 

Or if Anybody is Willing to pay me a fee to take over this deal i`m open for that too.

It's definitely a rental market. 

Crosby ,Texas

Thank you 

Would you do this deal.

This is a 4plex.

Details

4 units. Each unit is 2 bedrooms and 1 bath and around 650 sq ft each. There are 2 buildings each with 2 units. Total building sq footage is 2576 sq ft on a 6600 sq ft lot.

All the units have been remodeled in 2017 with new roofs, electric, plumbing, paint, sheetrock, flooring, kitchen and bathroom updates. All 4 units are practically brand new.

Numbers

Asking Price - $190,000 OBO

Current rents - $925/mo per unit (under market and can be rented section 8 for $1050/mo)

Total Rents per month - $3700

Average electric bill for the past 6 months - $450/mo

Average water bill for the past 6 months - $100/mo

Insurance - $1500/year

Taxes - $1500/year

Current Total rents/year $44,400

Current Total expenses (insurance, taxes, utilities) - $9,600

Current Net operating income $34,800

Total rents/year fully occupied - $44,400

CAP Rate full occupancy - 18.3%

I negotiated down to $175k

Thank you in advance

this is great!!!

Hey guys! 

Thank you for your input, 

I went to the property, and they need alot of work and it's in a very bad neighborhood. So NO GO on this one.

Thank you again.  

The deal is in houston. 

I do not have the maintenance and property management numbers yet. Today is the open house on this property,  I'll be asking for all  that.

Thank you!

hey guys and girls!

I need help.

Asking price: 200k

Is this a good deal or no deal?

Thank you!

@Rosston Smith

@Rosston 

 forgot to mention,  the area is not so good . 

I need to check about that misc. Labor.

And yes ,by driving by I can tell it's going to need some maintenance in the near future. I have other projections numbers as well, how do I send over to you?

Tnks Rosston.