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Updated almost 11 years ago,
Please evaluate my potential duplex
My wife and I are looking into buying this property and I would like to get some feedback from the seasoned vets. It's a 3/2 with a single car garage on one side and a 2/2 with a single car garage on the other, built in 79. Purchase price is $210k and we'll be putting 55k down with a loan rate around 4.875%-5%. Rents are $895 for the 2/2 and $1000 for the 3/2. Property taxes are $2600 per year and insurance is $500 per year. Vacancy rate is running under 5% for the last 4 years or so. Water/Sewer will be something like $1500 a year and we will not need to pay for garbage. The property is pretty well maintained but will need some updates in the next few years. My wife and I will be managing it ourselves. Let me know what you think.