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Updated over 9 years ago, 06/28/2015
Deal Analysis
Hey all,
I am considering making an offer on my first deal, which is a duplex. Currently has 2 tenants, plumbing has been replaced, new counter-tops in both kitchens and new tile. I haven't had the place inspected yet or anything but here are my calculations, please let me know if it looks good or not worth it.
| Purchase Price | 120,000.00 |
| Down Payment | 12,000.00 |
| Rehab Cost | 5,000.00 (estimating this just in case) |
| All In Total | 17,000.00 |
| Rent | 1,400.00 |
| Tax | 166.00 |
| Insurance | 100.00 |
| Management | 140.00 |
| Vacancy 7% | 98.00 |
| Repair 5% | 70.00 |
| Mortgage | 550.00 |
| HOA | 0.00 |
| PMI | 50.00 |
| Water | 40.00 |
| Total Expenses | 1,214.00 |
| Cash Flow | 186.00 |
| Cash on Cash | 13.13% |