Duplex in Portsmouth, VA - $543 Cash flow

[Paul Sanders]

My wife and I own a duplex that is rented out. We are wanting to sell it for what we owe right now ($180k). I've posted the numbers below from the bigger pockets rental property calculator using $180k as the sale price, 20% down & 4.5% rate. We are having to travel a lot for our jobs and don't want to maintain this any longer. Good deal for someone willing. Portsmouth isn't the hottest market, so we're putting it up for sale at a price we hope will sell fast. We have a property manager in place as well (not included in these numbers). He charges $63 per unit and does a nice job. Nothing on the property needs repair at the moment, but the garage is old and only really good for storage. Inside the floors are newly refinished hardwood that show really well. Big kitchens. We had the front porch rebuilt last year as it was old wood, so that's shiny and new. Happy to answer any other questions. 

Monthly Income: $1,690.00	Monthly Expenses: $1,146.29	Monthly Cashflow: $543.71	Pro Forma Cap Rate: 8.35%
NOI: $15,280.00	Total Cash Needed: $39,000.00	Cash on Cash ROI: 16.73%	Purchase Cap Rate: 8.49%