All Forum Posts by: Ryan G.

@Doug McVinua they currently say that the owners pays about $1700/ month in water, but when I went to the units yesterday they all look to be individually metered so that will be moved to the tenants if purchased (they are all month to month?

At only $7K only in rents, what is a monthly expense number that won’t kill me in the first couple of years? Also, what kind of consistent repairs do you run into most commonly?

Hi everyone,

I am in the middle of running numbers for a few properties and I want to make sure I don’t get blindsided after the fact. So here are the numbers I have looked at so far. Also, any advice from anyone, I would greatly appreciate.

Units: 12

Build Year: 1950s

Offering Price: $900K

Cap Rate: 7.75%

Monthly Gross Income: $7100

Monthly Taxes: $600

Monthly Insurance: $200

Monthly Maintenance: $100/ unit (guess)

Is there anything I am not looking at? Is there something I should be focused on? There is upside potential in this place, and the rents are under market by about $200/ unit.

Thanks in advance everyone!