Investor score82
True small-balance multifamily. Sub-$120k/door in a cash-flow zip. Needs a rent roll audit and a plumbing camera. Perfect add-on for an investor already buying Zephyrhills townhomes.
- Ask
- $1,895,000
- Offer
- $1,760,000
- Units
- 16
- Occupancy
- 91%
- Year built
- 1986
- Gross rent
- $249,600
- Collected rent
- $229,632
- Expenses
- $98,600
- Net income
- $131,032
- Cap rate
- 7.5%
- GRM
- 7.05
- $/door
- $110,000
- Debt yield
- 11.5%
- Expense ratio
- 42.9%
UNIT MIX
In-place rents
| Type | Count | Rent | Monthly |
|---|---|---|---|
| 1 bed / 1 bath | 8 | $1,150/mo | $9,200/mo |
| 2 bed / 1 bath | 8 | $1,450/mo | $11,600/mo |
Risks
- Age of plumbing
- Owner-finance rumors vs. actual debt
- Crime at the node