Will that be a good buy?

[Watson Josue]

Hi Team,

Can someone help me determine if this deal is a good deal or not? It's a duplex in the Atlanta, GA area.

The asking price is: $118K

The house will need some improvement to raise the value. Estimate work: $25k

The ARV: $125K

NOI: $9,700

C0C ROI: 10.71%

Currently rent at $600 which could bump up to $700 per unit after repair.

I wanted some room on the investment so the house does not go over market value after repair. I put an offer for $100K but the seller counter my offer with $118K. Please help me calculate this deal.

Thank you team.