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Updated over 7 years ago on . Most recent reply

User Stats

3
Posts
0
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Tamara Spiller
  • Houston, TX
0
Votes |
3
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Is this a good deal?

Tamara Spiller
  • Houston, TX
Posted

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

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