14d (edited) • Management of money & time
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Shout out to the Genius Cameron Hunter for this one
Y’all join them over at smart money navigator
But he did a real estate deal
Multi unit
Deal Breakdown: How a 10-Unit Made $2,400/Month 🏢
I love walking through real numbers because it makes this whole thing click. Here's a deal structure I've seen work in today's market.
Property: 10-unit apartment building
Location: Southeast market (C+ neighborhood trending B)
Purchase Price: $625,000
Down Payment (25% conventional): $156,250
Monthly Gross Rents: $8,500 ($850/unit avg)
Monthly Expenses:
- Mortgage (7.0%, 30yr): $3,120
- - Property Management (8%): $680
- - Insurance: $290
- - Taxes: $520
- - CapEx Reserve (5%): $425
- - Vacancy Reserve (7%): $595
- - Maintenance/Repairs: $450
Net Monthly Cash Flow: ~$2,420
That's roughly an 18.6% cash-on-cash return. And here's the part most people miss — you're also paying down principal every month AND building equity through forced appreciation if you make even small improvements to the units.
After 5 years on a deal like this, you could realistically have $200K+ in total equity between appreciation and loan paydown.
This is why multifamily scales differently than single family. One acquisition. One closing. Ten doors.
If you're analyzing a deal right now and want me to run the numbers with you, drop the details below and let's look at it together.
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