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Updated almost 6 years ago,

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3
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Anna Holan
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3
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Analyze this Deal with me

Anna Holan
Posted

Hi all! I am potentially about to make my first investment in a duplex. 

Cost: $139,000

Rent: $725 both sides.

Mortgage: $959 (that's p&i, taxes, insurance, pmi, and the hoa)

I'd be using the VA loan so no money down, and living there for a few months. While I'm living there I plan to rent out the other side, and then rent both out once I leave.

My only real concern is the property has been for sale for 271 days according to zillow.. This is a 1% property. Why would it be for sale for so long? Obviously, I'm going to check it out in person. Any thoughts?