Danbury, Ct. multi-family homes
Multi-family homes offer substantial opportunities for the first time buyer and also the savvy investor. Currently there are 21 Multi-family homes available for sale in Danbury http://tinyurl.com/DanburyMulti-s
There are a number of factors to consider when buying a multi-family however.
1. What is the income from each unit?
2. Are the units rented out at market, above or below?
3. What are the expenses related to the property(taxes, assessments, insurance, water/sewer usage fees?
4. Are there any outbuildings or garages and are they being rented?
5. Has the property been updated and maintained?
6. Location is always a primary factor.
7. What is the cap rate or return on investment? Cap rate = annual total rent times a factor
8. Are the rents on a lease or are they rented on a month to month basis? This is important if the buyer plans to owner occupy and can be hindered by long term leases.
One such property has just been listed by The Beninson Associates at Keller Williams Realty http://www.homes4saleindanbury.com/about/
It is located at 7 Cottage St. Danbury, Ct. 06810 http://www.homes4saleindanbury.com/listing/mlsid/53/propertyid/99054670/ 
It consists of 2 2 bedroom units and both are currently rented on a month to month basis for $1100 per month. 2200 x 12 months = 26400 per year x a 10 cap rate = 264,000. However these rents are below market and are on a month to month basis. Taxes are $3672 per year, insurance costs $2860 and maintenance is 1800 per year.
The property is level and there is also a one car garage too.
There are also Multi-families in surrounding area Towns :
Bethel http://tinyurl.com/Bethel-Multi-s
Brookfield http://tinyurl.com/Brookfield-Multi-s
Newtown http://tinyurl.com/Newtown-Multi-s
New Milford http://tinyurl.com/New-Milford-Multi-s
Ridgefield http://tinyurl.com/Ridgefield-multi-s
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