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Updated almost 8 years ago on . Most recent reply

User Stats

22
Posts
2
Votes
Matthew Thorp
  • Flipper/Rehabber
  • Jacksonville
2
Votes |
22
Posts

To sell or hold on to my duplex?

Matthew Thorp
  • Flipper/Rehabber
  • Jacksonville
Posted

I have a duplex that generates $2800 a month total. My expenses are $1800 total a month. I have a loan of $270,000 at 4% for 30 years. I am trying to figure out my ROI and if it makes sense to hold on or to sell. And if I am to sell what price I should list at. Thank you.

Most Popular Reply

User Stats

464
Posts
311
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Christopher Giannino
  • Real Estate Agent
  • Hamilton, NJ
311
Votes |
464
Posts
Christopher Giannino
  • Real Estate Agent
  • Hamilton, NJ
Replied

@Matthew Thorp 

So you put no money into the deal and the only expenses you have are $1,800/month which includes everything?  If so and your cash flowing $1,000/month with no other expenses other than the $1,800 you mention above, I would say you hit a grand slam and should definitely keep as an investment.

I feel like I might be misunderstanding something though.

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