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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 3 times.

Buying & Selling Real Estate

Post: HELP - Quadplex worth the investment?

Account ClosedPosted
  • Investor
  • Ann Arbor, MI
  • Posts 3
  • Votes 0

Having some trouble with the rental property estimator on this site and am looking for any opinions on whether this makes financial sense as an investment property. Thank you in advance for sharing your time and expertise:

4 plex: Annual Bills

Insurance: 1,685.96

American Waste: 195.00

DTE: 687.80

Plow: 450.00

Tax: 5,298.06- estimated new tax: $6200

Monthly Rent: 3,000/ Annual: 36,000

310K with 20% down at 5.5 over 30 years

0 Votes
General Real Estate Investing

Post: Potential Quadplex - looking for advice/suggestions

Account ClosedPosted
  • Investor
  • Ann Arbor, MI
  • Posts 3
  • Votes 0

Thanks for the replies,

Monthly expenses include: garbage $15, electricity $83, gas $124, snow removal $15, insurance $141, property taxes $294, mortgage $722.03, 5% vacancy estimate ($118), 5% repair estimate ($118), & %10 CapEx estimate ($236).

0 Votes
General Real Estate Investing

Post: Potential Quadplex - looking for advice/suggestions

Account ClosedPosted
  • Investor
  • Ann Arbor, MI
  • Posts 3
  • Votes 0

Hi all, looking for advice on a potential quadplex. Monthly expenses will be $1866 & monthly income $2360. Asking price is $219,900. How high would you feel comfortable going on this deal? Any comments/suggestions appreciated. thanks!

0 Votes