 set sale price II (by Pam [MA]) Apr 17, 2019 1:52 PM
 set sale price II (by Pmh [TX]) Apr 17, 2019 3:04 PM
set sale price II (by Oregonwoodsmoke [ID]) Apr 17, 2019 3:14 PM
set sale price II (by plenty [MO]) Apr 17, 2019 4:15 PM
set sale price II (by Robin [WI]) Apr 17, 2019 6:01 PM
set sale price II (by Pmh [TX]) Apr 18, 2019 3:28 PM
set sale price II (by Sisco [MO]) Apr 18, 2019 5:14 PM
set sale price II (by plenty [MO]) Apr 18, 2019 5:35 PM
set sale price II (by Pam [MA]) Apr 19, 2019 4:08 AM
set sale price II (by Johnny B. [MA]) Apr 19, 2019 5:04 AM
set sale price II (by Pam [MA]) Apr 19, 2019 8:37 AM
set sale price II (by Pam [MA]) Posted on: Apr 17, 2019 1:52 PM
Message:
OK thank you all for the great input. I thought I would put the Income and out go of this property. Perhaps that might help,..{ would rate the property as good,..its on a busy road in a small village up in the Western Mts of Ma.
Consists of a one bedroom , a studio and two big units each 3 bedroom and over 2,650 sq ft.each.
expenses tax 3,342
sewer 2,712
waste man 2,640
heating oil 3,300
snow remove 748
ins 7,591
maintenance 4,000
supplies 1200
total 25,650
income
apt 1 8,400
apt2 6,300
apt 3 11,700
apt 4 10,800
total 37,200 --66.30.xx.xxx |
set sale price II (by Pmh [TX]) Posted on: Apr 17, 2019 3:04 PM
Message:
why is maintenance & supplies so high ? --70.119.xxx.xxx |
set sale price II (by Oregonwoodsmoke [ID]) Posted on: Apr 17, 2019 3:14 PM
Message:
{{{{{{......why is maintenance & supplies so high.....}}}}}
Because tenants live there?
And tenants give the places they live typical tenant level of care? --98.146.xxx.xxx |
set sale price II (by plenty [MO]) Posted on: Apr 17, 2019 4:15 PM
Message:
Is it normal to pay for heating oil? --99.203.xx.xxx |
set sale price II (by Robin [WI]) Posted on: Apr 17, 2019 6:01 PM
Message:
I want a 15-18% ROI MINIMUM on my SFH rentals, and that's when I've also increased the value 40% by rehabbing it. So with those numbers, to net $12K I wouldn't want to pay more than $80K. That's assuming no major repairs looming in the next few years. If I were using OPM, I might pay more. Some people are happy with a 6-8% cap rate, but I've never been able to understand why.
That said, I've never been able to find multis that provide a return anywhere near what I get with SFHs. So I don't own any. :) --204.210.xxx.xxx |
set sale price II (by Pmh [TX]) Posted on: Apr 18, 2019 3:28 PM
Message:
stupid response Oregon. I spend less than that each year on all my houses. --104.218.xxx.xx |
set sale price II (by Sisco [MO]) Posted on: Apr 18, 2019 5:14 PM
Message:
Add management fee 10-12% of gross income.
It sure seems the large 3br units are renting cheap. --72.172.xxx.xx |
set sale price II (by plenty [MO]) Posted on: Apr 18, 2019 5:35 PM
Message:
Maybe condition of property is causing high maintenance. I agree the 3 bedrooms don't rent for much more than the smaller units. --99.203.xx.xxx |
set sale price II (by Pam [MA]) Posted on: Apr 19, 2019 4:08 AM
Message:
OK,..the maintenance and supplies was taken from Quicken from last year, when we did upgrades of the property inside side and out. usually about 1500 for both most years.Prob should have been broken down with repairs instead. --66.30.xx.xxx |
set sale price II (by Johnny B. [MA]) Posted on: Apr 19, 2019 5:04 AM
Message:
Can you disclose the name of the town in western ma? --24.147.xx.xxx |
set sale price II (by Pam [MA]) Posted on: Apr 19, 2019 8:37 AM
Message:
Charlemont --66.30.xx.xxx |
Reply:
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