West Allis Wisconsin deal analyzed
Hi all,
I am still quite new to Real Estate Investing and I found a duplex that may just work.
I wanted to get some opinions on a quick analysis of the property.
duplex in West Allis Wisconsin. Listed at $100,000. 25% down 4.5 rate 30 year. Expected rent $1500/month. $3,000 tax/year. Based on some research I am preliminary estimating $200 /month in maint and $200/ month in CapEx. Vacancy 5%. Insurance is a straight guess at this point at $800/year. Self Manage.
Hope I didn't miss anything!
When I plug this all into a calc i get $328 monthly cash flow. Again I am very new. If anyone in the area thinks any of my numbers are a bit off please do not hesitate to correct me.
I have read that with the higher taxes in my area the 50% rule may not apply and is usually better to be pushed up to a 60% rule. With that I got a slightly over 9% cash on cash return rate.