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Updated almost 4 years ago,
Property Analysis
Hello, I am new to real estate. Can you please advice if following property (duplex) is worth going after?
| Purchase Price | $110,000.00 |
| Rent/month | $ 1,250.00 |
| Closing Cost | $ 1,870.00 |
| Down Payment | $ 27,500.00 |
| Mortgage/month | $ 412.00 |
| Taxes/month | $ 120.00 |
| Insurance/month | $ 80.00 |
| Vacancy (7%)/month | $ 87.50 |
| Repairs (5%)/month | $ 62.50 |
| CapEx (7%) | $ 87.50 |
| PM (10%)/month | $ 125.00 |
| Lawn Care | $ 55.00 |
| Expense Total | $ 617.50 |
| Expense Total (%) | 49.40% |
| Total Expense | $ 1,029.50 |
| Net Cash Flow/Month | $ 220.50 |
| Cash on Cash Return | 9.01% |
| Cap Rate | 6.90% |
| 1% Rule | 1.14% |