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Updated over 6 years ago on . Most recent reply

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