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Updated about 5 years ago on . Most recent reply

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Thomas Quinn
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Newbie needs help analyzing Duplex in a trendy area

Thomas Quinn
Posted

Asking price is $310,000 on a duplex. Each unit has 3br 2.5 baths. Rental income is $3000 a month, getting a conventional loan with 10% down. No HOA, taxes about $2000 a year, price is about $117 psf, comps in area go for $150 psf plus. I would like to do a $20k (10k ea) renovation upgrade, possibly up the rent. Is it worth it? Any advice would be welcome.

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