DO I OR DONT I? Duplex appraisal came in low but the numbers work

[Clark Henderson]

Hey everyone,

I am in a bit of a pickle as to whether or not to go through with a duplex in Clarksville, TN. A quick background on the prop; 1600 sq ft duplex in a nice area getting me 8% ROI after all expenses. I would have to put some money into it, but the main issue is that it appraised for 15k lower than what we were under contract at.

Of course I don't want to over pay for anything. But it's already been renovated in many areas and the numbers work. I was fairly conservative with the math and it still would get me 8% at current rents.

I was hoping to see what all your thoughts were as to if this is still a good idea or not? 

Thanks!

Clark Henderson