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Updated almost 9 years ago,
Analyzing this Deal in Baltimore!
Hello All!
I'm a new to BP real estate investor in Baltimore with 7 rentals and am looking to grow my portfolio. I've come across a 2 unit property that I'm interested in that I'd like to get some feedback on. I've just started analyzing properties to a higher level of detail (Thanks to BP) and realized some of my rentals are great while others are not so much. So, I wanted to run this one by you guys! It is already tenant occupied, with one unit having a subsidized tenant and the other is regular payment. The subsidy tenant has been there fr 8 years while the private has been there 2. The cap rate isn't awesome... but the COCROI is pretty decent in my opinion. I'd have to put down 30% down due to Freddie Mac guidelines.
Here are the numbers: