Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

11
Posts
2
Votes
Raffaello Cervera
  • Real Estate Agent
  • Miami, FL
2
Votes |
11
Posts

Duplex too good to be true?

Raffaello Cervera
  • Real Estate Agent
  • Miami, FL
Posted

Hello to everyone, 

This is my first post on BP after being a long time on looker from the sidelines. My name is Raffaello and ive been trying to analyze a lot of deals to sharpen myproperty analyzing skills. 

I came around one duplex for sale that the numbers look too good to be true. 

It is a REO duplex for sale in an up and coming part of Miami also it is close to downtown Miami

Sales price $245k 3-1 side and smaller 1-1 side

3-1 side rents for $2,500-$3,000

1-1 side rents for 1,500-$1,800 

tax is $4k/year 

I would be putting down 20% or 62k which would put my monthly payment at around $1,700/ month 

the house looks to be in decent condition I am a also a realtor so i am going to pass by the property to see it to make sure there isnt anything wrong  

My only concern is it has been on the MLS for about a month and no one has jumped on it, it would cash flow about $2k/ month is there something that I am missing?

Could this really be that good of a deal? i would love to hear  someone else'sopinion on this deal 

thanks to everyone in advance!

Loading replies...