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This would be our first property. Am I doing these numbers right?

Owner will sell for 215K.
Gross rents = 2600
Expenses and NOI = 1300 (50% rule)
P&I = 1121 @ 4.75% 30 years

If financed 100%, we'd have 179 cash ...

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $185,000

Cash invested: $55,000

Contributors:
Gregory Crane

Sourced on the MLS. Partnered wi...

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