Good deal? 70k for duplex that gross 550 a month

Good deal? 70k for duplex that gross 550 a month

Flipper/Rehabber · Delton, MI · Member since 2019 · 7 posts · 1 vote

Taxes are 1400 a year 550. A month for rent for each side the sev is 49500 connected to city water service and gas they are asking 70k is this a good buy ? House is in fairly good condition

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  • Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    6y

    Not nearly enough detail to give you any real direction, @Gabe Ulrich Jr. If the total GSR is $1100/month that way exceeds the 1% rule, so worth looking into further, especially with taxes that low.

    How's the neighborhood? What will renovations cost?

  • Flipper/Rehabber · Delton, MI · Member since 2019 · 7 posts · 1 vote
    6y

    @Jaysen Medhurst 3.5 out of 5 house just needs a roof and maybe new windows in the future

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