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Advice on My First Deal a New Construction 4Plex

  • 09/26/2017 1:29 AM
    Quote
    Message # 5279488
    Ryan Caleb

    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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