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Updated over 6 years ago on . Most recent reply

Account Closed
  • Fort Worth, TX
10
Votes |
21
Posts

Newly built duplex - worth it?

Account Closed
  • Fort Worth, TX
Posted

Because I've been struggling to find a deal with which I can force equity, I thought I'd start looking at other places to find a reasonable deal and found a couple of newly built duplexes.  

They're trying to sell it for $328k for a 3/2.5/2.

Rents from rentometer are between 1300-1700 for a 3/2.

My Assumptions

  • Maintenance/Repairs/CapEx budget wouldn't need to be all that necessary, since it's a new build
  • Could likely get near the top of the estimated rents since it's brand new
  • Unlikely to get much appreciation, if any, since it's a duplex

Does it make any sense to get into this type of a property?  I guess they'll not likely sell it for significantly less than they've listed it for, but if I plan on getting 1600/month/side, I feel like I could cash flow $100/door at a PP of around $305k

Any thoughts around this would be hugely helpful!

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