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.
Buying & Selling Real Estate
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 over 9 years ago,

User Stats

31
Posts
1
Votes
Jim Lou
  • Investor
  • Philadelphia, PA
1
Votes |
31
Posts

Valuing a Duplex

Jim Lou
  • Investor
  • Philadelphia, PA
Posted

I know comps are the most conventional way to go. But with FHA financing being very lax, I was wondering about valuing duplexes based more on what they're producing then comps. Can someone do a rough valuation and see if my offer I reviewed would be worth it going toward as I don't really need the cash but I can use it to reinvest at 10-15% ROI.

Here's the details:

240 sumac st 19127

Purchased for 180k in 9/2014

20k renovation

Rents are 1300 and 1500 

Taxes 2700

Ins 1200

I was offered 325k of which after realtor fees, transfer taxes and 10% cap gains I'll net approx 95k. My current 30 yr fixed mortgage is $1350/mo. Would you keep it or flip it at this price?

Loading replies...