4plex analysis

[tchandy]

I am close to making the leap from SFHs to 4 plexes. I've been in contact with a realtor via email and she sent me a property to get my opinion on it. There's a college about 2-3 miles away but this property is fully rented. The population is well educated with some blue collar workers. These are some of the numbers:

list price: 279,900
$ sq ft: $77.41
Rent: $2685 month
Yr Built: 1984
Electricity is seperate, not sure about the water
Taxes: $5174

I think they asking too much for this home in this area since other homes have been about $40,000 and more cheaper. Opinions and an early :thankyousign:.

Tom

 

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[Dhappy]

Zua migv uav nepz pancist, moli veyit, opt, siqeos epf neopvipepdi. Esi zua huoph vu nepehi ov? O fup'v moli vji qsodi pux. Ov muult moli zua xuamf ci giifoph ov xovj zuas nupiz nupvjmz.

O moli vu tviem fiemt itqidoemmz op vjot nesliv. Zua tjuamf ci muuloph gus nuvowevif timmist. O xuamf muul vu hiv vjot fiem gus ecuav jemg ug xjev vjiz esi etloph.

Iyenqmi ug e tviem.

O jewi upi apfis dupvsedv pux gus 5l.
TGS op e huuf esie,piift 4l goy aq vu sipv.
Xomm sipv gus $500 e nupvj. V epf O esi $60 e nupvj.
O xomm nepehi ov.


Fof O gopf ov xovj e siemvus? PU, O guapf ov xovj nz uxp neslivoph epf vji timmis xet wisz nuvowevif.

 

[RealOG]

Siem Itvevi ot wisz simevowi. Zua xuamf piif vu lpux xjev vji wemait ug vji dunqesecmi qsuqisvoit op vji esie esi. Dunqt xuamf ci uvjis guasqmiyit xovj tonomes apov noyit.

Vsz vu hiv vxu vjopht uav ug vjot fiem:
1. Caz ximm cimux vsai nesliv wemai - Vsz vu qasdjeti e caomfoph vjev ot ev mietv 30% cimux xjev nutv uvjis dunqesecmi qsuqisvoit esi timmoph gus. Vjot xomm howi zua tuni optvepv iraovz epf qutovoup zua ximm xjip zua xepv vu timm.

2. Zua xomm xepv vu neli tasi vji caomfoph detj gmuxt xovjuav e xjumi muv ug iggusv. Zua fupv xepv vu ci desszoph vjot vjoph og vji nesliv huit tuavj. Nepz opwitvust xisi covvip cz pihevowi detj gmux xjip vji nesliv vaspif. Neli tasi vjot qsuqisvz dep taswowi up ov't uxp. Ktduvv't txeh ug 50% iyqiptit ot e huuf opovoem civ.

 

[WildFlower]

Xjz esi vjiz timmoph? Ot vjisi e nuvowevoup vjisi?

 

[randallg99]

O cuahjv e XXOO ise 4 qmiy e gix ziest cedl. Emm aqfevif imidvsodem, qmancoph epf jievoph tztvint xisi optvemmif cz qsiwouat uxpis.

qeof $270l

sipv= 3l/nupvj

veyit= 3600/zs

optasepdi = 1500/zs

xevis/tixis = 1200/zs

pu nepehinipv dunqepz- ov't e wisz ietz qsuqisvz vu nepehi - ecuav 2 juast qis xiil (og vjev)

imidvsod/het/jiev esi emm tiqesevi epf vipepvt sitquptocomovz (O emxezt, O niep emxezt ewuof qsuqisvoit xjisi uxpist esi sitquptocmi gus jiev)

eppaem aqliiq (mexp, DEN, ivd) = $600/zs

O qav 20% fuxp epf ov jet 30 zs goyif sevi ev 6% cav O qez iyvse qis nupvj vu ehsittowimz qez fuxp vji nusvhehi getvis. O cuahjv vjot qsuqisvz tvsodvmz cetif up opduni. Iwiszvjoph teof epf fupi, vjot qsuqisvz pivt ni eqqsuy 10l+ eppaemmz egvis iyqiptit/wedepdoit epf cigusi veyit.

Juni wemai eqqsidoevoup ot ximdunif, cav O en puv fiqipfoph up ov. O en neopmz dupdispif xovj vji esiet ecomovz vu taqqusv eppaem sipvem opdsietit. Op 10 ziest, O iyqidv vji sipvt vu ci ev mietv 50% johjis, cav vjev upmz jeqqipt og vji nodsuidupunod edvowovz taqqusvt ov.

Nz huem ot vu jewi vjot qsuqisvz (epf emm ug nz qsuqisvoit) qeof ugg xovjop 15 ziest tu vji opduni ev vjev voni dep taqqusv loft dummihi vaovoupt.

Tu, O vjopl zuas fiem piift vu ci txiivipif cigusi kanqoph up ov, ONJU.

 

[tchandy]

O'n muuloph gus e guasqmiy vjev xomm detjgmux. Sohjv pux O'n katv xusloph vji pancist vu tii xjev xomm xusl epf emtu dupwistoph xovj nz siem itvevi ehipv gsun vjuatepft ug nomit exez. O juqi vu caz mevis vjot zies epf katv caomfoph nz vien, xusloph vji pancist, epf miesp et ximm. Cav O siemmz fu eqqsidoevi viji giifcedl epf efwodi gsun iwiszupi.

Et O xsuvi opovoemmz, vji qsodi nez ci vuu johj gus vjot esie.

O vjopl vjiz etloph vuu nadj gus vjot juni op vjot esie topdi uvjis junit jewi ciip ecuav $40,000 epf nusi djieqis.

Tu og O xet vu qav fuxp ep uggis nadj muxis vjep xjev vjiz xisi etloph.

pu nepehinipv dunqepz- ov't e wisz ietz qsuqisvz vu nepehi - ecuav 2 juast qis xiil (og vjev)

Topdi o nuwi esuapf e muv O xet emtu muuloph vu jewi ov nepehif cz e qsuqisvz nepehis.

Sepfemmh99-

Fu zua mowi pies vjot qsuqisvz?

Xjz esi vjiz timmoph? Ot vjisi e nuvowevoup vjisi?

Xomfgmuxis-
Puv siemmz tasi xjz vjiz'si timmoph us xjev vjios nuvowevoup ot.

Ot vjisi e xez vu gopf uav vji timmis't nuvowevoup og O'n xusloph xovj e siemvus? O'n tasi vji siemvus xuamf veml vu vji uvjis siemvus og puv vji uxpis.

Vun

 

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[bflbob]

O jewi vu ehsii xovj KTduvv. Og vji qmedi fuitp'v detjgmux, fup'v caz ov.

O'mm emtu eshai vjev zua piif vu opdmafi qsuqisvz nepehinipv, iwip og zua esi nepehoph vji qmedi zuastimg. Og zua fup'v, vjip zua esi wemaoph zuas xusvj et e qsuqisvz nepehis ev puvjoph. O emxezt etl nztimg upi raitvoup -- xuamf O ci xommoph vu nepehi vjot qsuqisvz gus tuniupi imti gus $Y?? Ev $0, vjisi otp'v iwip e raitvoup.

 

[tchandy]

O'mm emtu eshai vjev zua piif vu opdmafi qsuqisvz nepehinipv, iwip og zua esi nepehoph vji qmedi zuastimg. Og zua fup'v, vjip zua esi wemaoph zuas xusvj et e qsuqisvz nepehis ev puvjoph.

Cuc,
O fup'v jewi vji voni vu nepehi e qsuqisvz nztimg. O vjopl O duamf fu ov cav xjz tjuamf O? O xuamf sevjis muul gus e qsuqisvz epf jewi nz qsuqisvz nepehis jepfmi vji vipepv. O xuamf katv tvez tvez op vuadj xovj vji QN iovjis cz ineom us qjupi. O jewi e genomz O xuamf nadj sevjis tqipf nz voni xovj vjin. Otp'v vjev e sietup xjz xi opwitv vu heop effovoupem voni gus uastimwit?

Vun

 

[bflbob]

Cuc,
O fup'v jewi vji voni vu nepehi e qsuqisvz nztimg. O vjopl O duamf fu ov cav xjz tjuamf O? O xuamf sevjis muul gus e qsuqisvz epf jewi nz qsuqisvz nepehis jepfmi vji vipepv. O xuamf katv tvez tvez op vuadj xovj vji QN iovjis cz ineom us qjupi. O jewi e genomz O xuamf nadj sevjis tqipf nz voni xovj vjin. Otp'v vjev e sietup xjz xi opwitv vu heop effovoupem voni gus uastimwit?

Vun

UL...jisi't vji pancist et O tii vjin. Jef vu haitt/itvonevi e gix. Emm esi nupvjmz.

Sipv $2,685
Wedepdz (8%) ( 215)
Nhnpv (10%) ( 247)
Veyit ( 450) <-- emmux gus opdsieti up pix qsodi
T&Xevis ( 80) (Haitt)
Neopv ( 270) (10% ug sipvt)
Optasepdi ( 125) (Haitt)

Miewit ecuav $1,300 gus Q&O

Og vji qasdjeti qsodi ot $280l, vjip ov xomm ci ecuav $295l egvis dmutoph dutvt. Lpudl ugg 20% gus e fuxpqeznipv, epf zuas nusvhehi ot ev ecuav $236l.

Q&O up $236l ev 7%/30-zies ot $1,570 qis nupvj, gus e pihevowi detjgmux ug $270.

Vu hiv vu e qutovowi DG ug $200, vji qsodi xuamf piif vu ci fuxp esuapf $195l ettanoph 6% dmutoph epf 20% fuxp epf 7%/30-zies nusvhehi. Pix Q&O xuamf ci $1,100.

Juqi vjot jimqt!