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Updated over 8 years ago on . Most recent reply

Possible First Multi-family deal (duplex)
Most Popular Reply

@Matthew Bennett - 60% COC ROI is a red flag. Nothing really does that well, and if it did, an experience investor would have snatched it up before anyone else heard about it. So we need to tease out the numbers a little. What have you included in your expenses? Are you sure the tenants are actually paying? What class of neighborhood is it?
I'm also not getting the same results you are for COC ROI or Cap Rate. If the $417 includes your mortgage, then I can only calculate COC, and I'm getting 54.7% - which is still unreasonably high. If it does not include the mortgage, then I can only calculate cap, and I'm getting 13.9%. So something does not add up here.
Post again with your expenses broken down by category so we can look more closely at this.