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Updated about 3 years ago,
Deal Analysis for a Duplex
Currently under contract for my first deal, a two story Duplex in the Houston Market and currently doing my due diligence before finalizing the deal. Asking price of this Duplex is $475k. Financing the property through FHA and plan to live in the property for a year. With the rental rates being upwards of $1850 per unit and mortgage payment is estimated at $3275.73, Im aware that this property won't cash flow immediately while it is my primary residence but plan to keep it as a rental. Contemplating if this is a good deal now and long term, does any have any advice in regards to analyzing this deal?
Thanks in advance.