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Updated almost 11 years ago,

Luke M.'s profile image
Luke M.'s profile image
Luke M.
  • Investor
  • from Cedar Falls , Iowa
  • Member since Jan 29, 2014
Connect

User Stats

49
Posts
8
Votes
Luke M.'s profile image
Luke M.'s profile image
Luke M.
  • Investor
  • from Cedar Falls , Iowa
  • Member since Jan 29, 2014
Connect
Luke M.
  • Investor
  • Cedar Falls , IA
8
Votes |
49
Posts
Real Estate Deal Analysis & Advice

Offer accepted today on first investment... Opinions?

Luke M.
  • Investor
  • Cedar Falls , IA
Posted

Duplex

2bd 1b upstairs

1bd 1 b down

1000 month total rent

53,900 seller pays closing

20% down

Monthly................

vacancy 80

capex 100

insurance 35

P&I 272.80

repairs 50

water 35

PM 100

tax 75

New roof in 2011

Separate utilities

new water heaters and furnace 2011

aluminum siding

no gargage

cash flow 252.20

11.69 cap rate

opinions??

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