Let’s say you have a 30-unit building and your annual expenses, including debt service, is $175,000. Divide that number by 12 to get a monthly expense figure of $14,583. Now divide the $14,583 by the average monthly rent ($650) and you get 22.4. Round that up to 23. This means if you rent 23 units, you will be at breakeven.
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Redemption - (no access) - [David_Lindahl]_Multi-Family_Millions_How_Anyone_(b-ok.org).pdf, p69
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