Breaking Even For Potential Future Income Buy or Sell?

[Kyle Root]

I purchased my first investment property in the Fox Valley Area back in April. It’s a side by side duplex that has broken even over the past several months. I had to do some maintenance for the tenants a few months, which made me lose money and other months I cash flowed roughly $30. I’m still unsure if I’ll be able to put money away for any future issues.

I am an about $80-$100 under the rental market for each side of the duplex. So I am potentially losing out on $200 in revenue. But I know I can get to that number after increasing over then next 3 years in small increments.

Would you guys hold or sell?

15 year old house

Rent $1,400

Management Fees 8%

Mortgage,insurance, prop taxes $1,260