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You just inherited $ 7 5 , 0 0 0 and you are considering investing all of the money in the construction of a multifamily

You just inherited $75,000 and you are considering investing all of the money in the construction of a multifamily property in:
Last Name: A-H: Portland, Ore, near 15800 NW West Union
Last Name I-P: Renton, Wa. near 200 SW 5th PI
Last Name Q-Z: Spokane, Wa. near 5111 S Regal St
You plan to build a duplex. Each unit will have 2 beds and 2 baths
Market Competition ---- use
craigslist.org
Determine the size in square feet and the rental prices for the nearest 5 competing rental properties with 2 bedroom /2 bathroom units (include houses and apartments)
Average rent $
Averag size sf.
Average rental rates per sf.
Construction Costs: - use
buildingjournal.com
The building will be 2 stories with // vinyl siding // no basernent and // standard quality
Contractor-25%, Design Fees-7%, Contingency-5%
How many total square feet will you need to build for the two units - based upon the average per unit size of the nearest 5 competing 2 bed ?2 bath homes or apartments that are for rent
For your area, what is the: Cost per square foot: Total construction cost:
How much will it cost to build the units using the www.buildingjournal prices, if the land costs $90,000? $
Financing
If you used the entire inheritance for a down payment and have closing costs of $2,400, what will be your loan amount?
What will be your monthly mortgage payments for a 25 year mortgage @4.8%?
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