Hello, I'm a New Investor from Texas, I found a 4 plex new construction, all units rented, Does this looks like a good deal?
The numbers look like this:
Sales Price $430K
Income $57,600
Expenses $17,461 (30%) remember it's a new construction -
NOI $40,434
Debt Service $22,345
Cash Flow After Debt Service $18,089
Cap Rate 8.25%
Cash on Cash 13.52%
Please help...
I didn't find the right solution from the Internet.
References
https://www.biggerpockets.com/forums/311/topics/491492-advice-on-my-first-deal-a-new-construction-4plex
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