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Updated over 4 years ago,
Is this duplex a good deal? New investor here.
I am a new investor and looking for insights into this investment deal from others. I am also new to duplexes, but trying to house hack etc and then turn it around as a potential investment property on both sides. Good deal, great deal, bad deal? If it's a good/great deal would it be worth negotiating or just get it at the sale price?
Sale price: $379K
2 Units
Each unit is 3 bedrooms, 2.5 baths, 1 car garage
Very minor upgrades needed right now besides repairs (yard, fencing, window coverings, carpet, paint)
Unit A: rent $1400 (10 month lease)
Unit B: rent $1000 (month to month) - Unit B is the one I'd like to send a 30 day to vacate to move in and fix it up and then rent out 2 of the rooms. So potential rent could be $1200-1300.
I would do a conventional at 15% down.