Duplex Analysis Help Tacoma WA

[Christian Bateman]

I'm looking at a duplex right now in Tacoma WA, the central Tacoma/Hilltop area that is two units both 4 beds 1.5 baths, both units about 1,125sqft. It's listed right now at $239,000 and four months ago was $289,000. I keep wanting to think this is a good deal, with the potential for a house hack, but I'm unsure about the area. The area is not great, but the house sounds like a pretty good deal? 

This would possibly be my first real estate investment, and I'm just nervous something terrible will happen and I'll realize why the price dropped so much without anyone biting. I should also mention I currently live in Utah, but will be moving to WA around July of next year for work.

What do you think?

[Rudy Manna]

Originally posted by @Cary F.:

@Kourosh Behnam @Rudy Manna

I totally agree with the lacking metrics used in REI. I like to compare the tools in REI vs the tools in the stock market for analysis. I work in data science and analytics and am appalled at what people use to label a deal good or bad.

I've created some pretty fun tools that show cash flow per purchase price, expenses and combination of rent scenarios. Pretty awesome for decision making...   I actually used my analytics sheet on the deal that I'm closing on in a week. 

Technically speaking, every combination of scenarios needs to be analyzed so that you can find out exactly where your model and or deal will break down. 

Pretty fun stuff. But I think a super dynamic industry needs a super dynamic analysis. 

 I work as Product Leader in Seattle. We can team up and build a web application with a suite of decision tools. The industry needs more than a rentometer and cash flow analysis tool in BP. IM me if interested?