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Updated over 7 years ago on . Most recent reply
Is this a good deal?
There is a duplex 4/2.5 that is selling for $250k in a local URBAN area. Schools are 1 out of 10. Estimated cashflow is $2400 a month. I uploaded the information in the Rental Property Calculator( assuming my input figures were accurate) please see the following. BP podcasts states this is a great place to get educated advice. Is this a good idea to invest in
7.59%Purchase Cap Rate
23.26%Cash on Cash ROI
$10,350.00Total Cash Needed
$18,600.00NOI
7.59%Pro Forma Cap
Monthly Cashflow$200.65