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Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Ty Ramjohn
  • Tampa, FL
1
Votes |
4
Posts

Is this a good deal for a firts time owner occupied duplex?

Ty Ramjohn
  • Tampa, FL
Posted

I'm looking at buying my first owner occupied duplex/rental property.

Comps = Median Price $149,000.00

Duplex 1bld. 2units. 2bd / 2bth 13yrs. old 

Living area 1,800sqft

List Price: $214,000

Annual Gross Income: 20,400

Annual Expense 4,366

Annual Net Inc: 17,174.93

Taxes: $2,362.00

I don't know what the insurance is 

Tenants pay for electric, water, sewer and trash. 

Currently Rent = $800.00 / $900.00

If I purchase I would live in one unit and receive $900.00/mon. rent 

I would self manage the property 

Any help would be greatly appreciated

Thank you 

Ty Ramjohn

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