All Forum Posts by: Long Khang

Nathan,  thanks insurance is 9k.  I guess Management is 8%, Realtor list properties management is 6.7%.

My question is no lease only month to month. And 30k repair,  it will take few years to get money back.

With no lease high risk,  what if 50% tenants leave in few month? 

this is my first deal on commercial property,  more than 3 units. 

Thanks 

Longkhang

the property is in des Moines Iowa,  asking price is 665,000.  In surface is 9,000 and trash is 5,557. I want to offer 560k.

Thanks

Longkhang

Gross Rent 182464,

Vacancy loss 8%,145971

Total Rental Income 173341

Laundry 3000

Total Revenue 17086

Expense 1000, 5557, 9000,994

Management 8% 14597

Repair 30800 (flat roof)

tax18135

utility 25294,

Maint 9822

Total Expense 115199

Net Oper Income 55668

it's need at least 20-30K to replace flat roof, and the apartment no much turnover.

LongKhang

it's need at least 20-30K to replace flat roof, and the apartment no much turnover.

LongKhang