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Updated 6 months ago,
Help me analyze this duplex deal
*This link comes directly from our calculators, based on information input by the member who posted.
Good early morning! This is my first attempt at running an analysis of a Duplex I am thinking of purchasing for BRRRR. The UPDATED rental comps around the area shows $850/month/unit. Also, if I were to sell this property after a Fix & Flip, the ARV is around $180-185K. The comps however all have central AC, whereas this property doesn't (has window units).
I think this would be more of a long-term hold for cashflow purposes, however it seems minimal to start, and I feel there is likely little to no appreciation with this property. Please help me analyze this deal and let me know what I need to consider before moving forward with it. Thank you in advance!
-Mahmudur (Sami) Rahman