Purchase Analysis TIA

[Alec McGinn]

Hello everyone,

Any thoughts on these numbers would be greatly appreciated.

Thank you,

Alec

Duplex.

Each unit 2 bed, 1 bath.

163k purchase

Rent $1500, but should get $1600 once current lease expires next April.

20 year in-house loan 3.75% locked for 10 years.

20% down.

Taxes: $252/month

Insurance $92/month estimated?

Maintenance $187/month

Property Management: I am not sure what to expect for this.

Would like to use a property manager since it’s an hour away and I work full time.

I would be okay to break even, but want to avoid going deep into negative cash flow.

Thanks again,

Alec