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Updated almost 14 years ago on . Most recent reply

Kyle Meyers's profile image
Kyle Meyers's profile image
Kyle Meyers
  • Residential Landlord
  • from Indianapolis, Indiana
  • Member since Oct 26, 2010
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592
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Kyle Meyers's profile image
Kyle Meyers's profile image
Kyle Meyers
  • Residential Landlord
  • from Indianapolis, Indiana
  • Member since Oct 26, 2010
Connect
Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
138
Votes |
592
Posts
General Landlording & Rental Properties

A good deal?

Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
Posted

Is this a good deal?

Duplex rental, moving in the tenants in the next few weeks.

Purchase and repairs=$50,000
Property Taxes=$1,600
Insurance-$585
Rent=$610x2=$1220
Tenants pay utilities.
Operating expenses estimate=$343 (based on 50% rule without 7% property management fee)

NOI=$8,339
Cap Rate=16.68%

Do these numbers look right? Is this a good deal? Is there anything I'm missing?

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