Cash Flow: The Entire Picture

Hi,
I'm about to look at a deal where the list price is about 190-200k.
Total rents are $2800. Taxes about $4000/yr. Heat is 150-200 a month.
I still need to get water amount.
Is this a good deal? One unit is Section 8. He says comps are $240, but recent sales say avg homes have gone for avg 100-110k. This is a 3 fam.
What other exp do I need to factor in.
Should I even consider this?
Thanks!

Comments(2)

  • DaveT2nd November, 2003

    Other Monthly Expenses might include:Debt Service, if purchase is financed
    Property Management
    Electricity
    Repairs and Maintenance
    Replacement Reserve
    Common Area Cleaning
    Yard Service
    Trash Removal
    Dumpster Rental
    Other Annual Expenses might include:Hazard Insurance
    Vacancy Allowance
    Preventive Maintenance Service Contracts
    Other Periodic Expenses might include:Advertising
    Legal Fees
    Supplies
    Snow Removal

  • yehoshua302nd November, 2003

    Thank you!!!

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