Updated over 2 years ago on . Most recent reply
Deal Analysis and recommendations
Purchase Price 147,000 with 25% downpayment 8 percent interest rate
Duplex that was built in 1920, but seems to be in good shape
Rents range from 1000-1150 per side, so I went conservative with total rents at 2100 total
vacant 6 percent
maintenance and cap ex 8 percent
property management 10 percent
water and sewage is around 150 dollars per month
taxes 1700 for the year
insurance got quoted at 680 for the year
Projected cash on cash return is around 12 percent
am I missing some numbers to account for? please let me know what you guys think about the deal