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Updated about 11 years ago on . Most recent reply
Duplex Deal Analysis Requested
I've been lurking for a bit and learning a TON on BP, thank you all for this great community!
It's my first post and I hope I formatted everything correctly!
Any thoughts on this deal would be appreciated, I'm thinking of making an offer in the next few days.
Occupied and fully rented duplex. 2/1 per side. Lower income area but not a warzone, access to decent/good schools and minutes to major highways for commute/work.
Separate Utility/Water meters for each side, tenants pay all utilities in their own name.
Purchase Price: 81500
Rental Income: 1300 - Current. I think it could increase to 1400-1500 easily.
Vacancy: (117)
Gross: 1183
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Mortgage: (350) 10% Down, 73395 @ 4.5%
Property Taxes: (83)
Insurance: (133)
Maintenance & Replacement: (166)
Property Manager: (118)
Admin/Legal: (15)
Expenses: (865)
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Total Cash Flow: 308/Month
For my first post here, is this a good deal?
Thanks!