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Updated over 3 years ago,

User Stats

54
Posts
35
Votes
Sam Collins
Pro Member
  • Investor
  • Houston Texas
35
Votes |
54
Posts

Would you purchase this duplex?

Sam Collins
Pro Member
  • Investor
  • Houston Texas
Posted

View report

Good Morning BP community,

I am trying to analyze a duplex that is right by my house to see if it is worth buying. I have attached the BP rental calculator report to this post. I will be self managing the property but i included the 10% management fee just incase i ever decide to let a property manager take over. Median rent in the area for a 3/2 is $1400. i set my numbers at $1200 mainly because i wasnt sure if duplexes rent for less than a stand alone house. This will be my first multifamily to submit an offer on so any help would be appreciated.

Their asking price is at $330K. i offered $230K and they counter offered at $285K bottom dollar. im thinking i can still get them to come down though.

heres the important details:

285K purchase price

- $235 cash flow

- 3.69% CoC ROI

- Purchase Cap 5.23%

250K purchase price 

- $357 cash flow

- 6.35% CoC ROI

- Purchase cap 5.95%

  • Sam Collins
  • Loading replies...