01/24/2022
Want to learn how you can finance this Fourplex?
List price: $1,400,000
Income: $107,640
Expense: $23,500
This North Oakland Fourplex is 75% occupied and has a 35% upside in gross rents. Each unit is a 2-bed, 1-bath unit 800 SqFt and is individually metered for gas and electricity.
You can owner-occupy this investment through an FHA loan product. Your monthly mortgage payment would be $3,548 after taking the rental income, property taxes, insurance, and $500 in reserves into account.
Down Payment (%, $): 5% | $75,000
Mortgage Payment: $9,018
Reserves: $500
Rental Income: $5,970
Cash Flow: -$3,548
You can buy this investment as a rental property using a Non-QM loan. The first 10 years would be interest only, and the remaining 30 years would be principal and interest. This investment would cash flow 1,275 per month for an annual cash-on-cash return of 7.3%.
Down Payment (%, $): 15% | $210,000
Mortgage Payment: $7,195
Reserves: $500
Rental Income: $8,970
Cash Flow: $1,275
