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Updated almost 7 years ago,
Looking for help on this deal. Thanks.
I was hoping to find some people to bounce around discussion about this deal. I’ve only bought and sold one property so I am still learning. The seller has two identical doubles for sale (3 bedroom / 2 bathroom per side). I would be interested in buying both of them. I’ve figured a price that I feel would be a reasonable offer, but I was hoping to hear from some more experienced investors first. What would you pay for this deal? Any help, advice, thoughts, or tips would be greatly appreciated. Thanks in advanced.
https://www.zillow.com/homedetails/1510-Numa-St-New-Orleans-LA-70114/149053233_zpid/
Rents: $1,000 per side ($4000 total)
Insurance: $4386 annually
Taxes: $2,824
Management: 10%
Maintenance and CapEx can only be estimated so I'll leave that to you. Property is in excellent condition.