Updated over 7 years ago on . Most recent reply
New hello need some mentoring
Good day all and i am new to the biggerpockets forum! Here for more education/confidence/and most important mentorship.
So i found this deal and i would like some evaluations on the season investors to let me know if this is a good deal.
4br 2 br 1,825sq Duplex foreclosure w/ a purchase price of $105k
Both sides newly renovated
One side is occupied with montly rent of $1850 and the other side vacant.
The home is next to a creek. So it will need flood/hazards/landscaping
The comps around the area are in the high 180s.
Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k
Cash flow is low - $73/m but that is based off one occupant @ $1850/m
Cap rate is around 9.6%
And COC is around 8.7%
If the other is rented out then number change but trying to be conservative.
Is this a good deal or bad?
What is a good percentage to margin?