Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Peter R.
  • Tampa, FL
0
Votes |
6
Posts

Duplex Deal Analysis Requested

Peter R.
  • Tampa, FL
Posted

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

__

Mortgage: (350) 10% Down, 73395 @ 4.5%
Property Taxes: (83)
Insurance: (133)
Maintenance & Replacement: (166)
Property Manager: (118)
Admin/Legal: (15)

Expenses: (865)

__

Total Cash Flow: 308/Month

For my first post here, is this a good deal?

Thanks!

Loading replies...