evaluation of a property

[Ryan Shafer]

Hello, 

I need help evaluating a property in the Toledo, Ohio area asap! It's a duplex in a nice city with a great school district. Purchase price 200k. worth approx 220k. Nicest house in the area. It needs absolutely nothing. Its already rented at $1250 per side per month total $2500 month. It has potential for rents at $1400 per side. I plugged it into the BP calculator but forgot all the numbers. I'm just being cautious. The BP calculator said eventual would be worth approx 370k maybe. It has good cash flow but is the equity ok? I love the property but it really doesn't look great to BRRR or does it? Its ready to go, cash flows nice! Any help asap would be great. The seller will carry back half the down payment. Is this something I could draw the equity out in ? A HELOC or something? equity includes the down payment too correct? I know that"s a stupid question! I assume yes. I am still learning so forgive me. I can only do so much research and podcast in a day. PLease help asap!