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Updated almost 6 years ago,
Sell SFR for a duplex with same rental income 1/3 value
We own a SFR in Oakland, CA. It rents for $4k/month - 2 bed / 1.5 bath. Approximate value (according to Zillow) $1.1M.
30 miles east of us in Pittsburg, CA there is a duplex currently for sale for $430k with rents of $3.9k.
Now on to my question. If we can get nearly identical rents with 1/3 of the property value should we sell our SFR and buy the duplex?
Thanks,
Bryan