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Updated about 8 years ago,
help in running numbers for duplex
Need help doing numbers on a potential deal. Seller is asking 180k. Said he could possibly seller finance or seller finance a portion.
Rents are $750 for a one bedroom first floor and $650 for one bedroom second floor unit.
Insurance $900 per year
Taxes $2450 per year
Can anyone recommend and feedback on what I should offer and also a few ways that I can creatively structure the deal with putting minimal cash down.
Side note
This duplex is in the port Richmond section of Philadelphia which is on the rise and has a lot of new construction going up and hip bars and restaurants and it's around 2-3 miles from the heart of the city.
Both units are rented and both renters intend to stay. One until has a little old polish couple whose son pays their rent and the other is a single 36 yo male with a dog and I'm pretty sure the owner pays for water