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Updated over 1 year ago, 06/18/2023
Any ideas on how to make this deal seller finance work?
Any ideas on how to make this seller finance deal work?
Duplex in West Allis, WI
(2) 3 bed/1 bath, 1750sqft
Current Rent: $925/m each (market rent about $1100/m)
Taxes: $3900/year
Sale price seller wants: $230,000
Seller mentioned wanting a 4.5% interest rate. He also is open to interest only for first 3 years.
All the numbers I ran do not seem to allow me to cash flow much with that sale price and interest rate when factoring in insurance($150/m), garbage ($150), prop mgmt(8%), capx (5%), vacancy (5%)