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Updated over 11 years ago on . Most recent reply

User Stats

62
Posts
2
Votes
Andrew L.
  • Real Estate Investor
  • Nashville, TN
2
Votes |
62
Posts

Duplex Analysis

Andrew L.
  • Real Estate Investor
  • Nashville, TN
Posted

I am looking at this duplex. Listing price is 128,500 and I was thinking of coming in at $117,500 with a max offer of $122,500. Rental income is 1,600 per month. Loan payment would be $672 per month at 6.25% with 25% down based on a 20 year ammo. Using the 50% rule it appears the numbers work at my max offer of $122,500. What do you gurus think?

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