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Updated over 8 years ago,
Need feedback on this property!!!! ADVICE NEEDED
I am seriously thinking about getting this property.
two unit property with two duplexes occupied with two renters who have one year lease left on them.
renter 1. $750
renter 2. $700
Taxes $1774 yearly
sale price 152,900
Property is in good shape and should not need anything for 5-6 years
with 20% down 15 years mortgage is $914 plus $250 in taxes and insurances =$1164 with cash flow of $286
Property is appraised at 158500 by appraiser. I am buying and holding right now! I have no plans for selling this in near future!