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Updated about 11 years ago on . Most recent reply
Deal or no deal
Side by side duplex. Last sold in 04 for 175K. reasonable rent for each side is $825. Here are the numbers:
- 20K in repairs
- Taxes are $2400
- INS is $2000
- Separate utilities except for water and trash: ~$100/month
- Will manage myself.
- Finance is 20% down at 4.75%, 15 years.
Thinking to submit an offer for 85K. What do you guys think??