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Updated about 4 years ago,
Help evaluating a deal please ?
Deal numbers:
Purchase 55,000
Closing 4,000
Reno 157,000
ARV -200,000-250,000
Rent 1500.00 per side(duplex) so 3000.00/month
Taxes 3000.00
Capex 5 %
Repair 5%
Vacancy 10%
Everything will be done on this property top to bottom.
Would you invest this kind of money for these returns? Thanks in advance