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Updated about 3 years ago,
Please help me analyze this deal
Hey all, I'm looking at a duplex and I'm crunching the numbers. They look decent (COC return is lower than I'd like) but would love any feedback.
Thanks for taking a look!
Rental income: $1600
Expenses:
Taxes: 319.41
Ins: 79.16
Water/Sewage:
Garbage:
Electric:
Gas:
HOA fees:
Lawn/Snow:
Vacancy: 100
Repairs: 150
CapEx: 100
Prop Mgmt: 160
Mortgage: 536
Total Expenses: $1,444.57
Rental income: $1.600**
Difference: +$155.43 (Monthly Cashflow**)
Down Payment: $29,000 (20%)
Closing Costs: $5,000
Rehab: $5,000
Total Investment: $39,000
Cash on Cash return: 4.78%**
**Note: Current market rates look like I could charge another $75-$100/mo for each unit, raising my cash flow and creating a COC return of 9.39%-10.93% respectively