Rental Property Question

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    • #938
      Avatar of HecmirHecmir
      Participant

      Newly renovated
      House Price 840,000
      3 Family
      4/1, 3/1, 2/1
      2.5K, 2K, 1.7K Rental income
      Interest 3%
      100% Occupancy is 16.7% ROI (pre-tax)

      What else do I need to know if I wanted to find a rental DEAL? Is this even a good deal?

      • This topic was modified 3 years, 9 months ago by Hecmir.
    • #940
      Avatar of HecmirHecmir
      Participant

      Lets say the vacancy rate is 33%
      The the ROI becomes 8.2%
      (Interest only Mortgage)
      *Deposit was 25% & legal fees 4%

      • This reply was modified 3 years, 9 months ago by Hecmir.
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