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 almost 9 years ago,

User Stats

27
Posts
2
Votes
Jonathan Nolan
  • Carmel, IN
2
Votes |
27
Posts

Buy and Rent Opinion Needed

Jonathan Nolan
  • Carmel, IN
Posted

Hey all, I am new to this forum and this is my 1st post looking for an opinion on the numbers. In fact, the realtor that showed me this duplex told me to post the numbers here and get everyone's thoughts on whether this is a good deal or not (would be my first one!)

So, here goes:

Purchase Price: $79, 900 (hoping to get down to $70K) 

Both units are rented at $550/mth. Walk through with realtor went good, nothing I could see needed rehabbed. Go with my contractor tomorrow for a more detailed walk through.

$13,200 Rent ($1,100/month)
$1,069 Insurance ($90/month)
$893 Taxes ($77/month)
$1,122 Management (under current management) ($99/month)
$924 Maintenance ($77/month)

$924 Vacancy ($77/month)

$1,980 CapEx ($165/month)

This comes out to a 2% rule of 1.53%

I am grateful for any advice on this. 

Thank you!

Loading replies...