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Updated 13 days ago,
[Calc Review] A diamond in the rough? - Metro Detroit Duplex report
Hey there BiggerPockets members,
I'm an upcoming agent practicing running numbers on different duplexes and investment properties I'm seeing on the market, here to share another report I'm working on for feedback. This was just listed on the market, and boasted a great return. From what I'm seeing, it looks like it would be a great opportunity. I ran this scenario for a "small" investor, with maybe 2-3 properties in their portfolio. No management costs as it would be self managed, and estimated property taxes by the average of the past few years. Went a bit heavy on the annual taxes due to the increase in the area the past few years. But the numbers still seem to look good for an investor in that scenario. Also showing almost a 20% CoC return, which in my research I've found to be a highly ideal number for investors.
Is there something I could improve on with this report or fix? Would this be a good opportunity for someone looking to buy/hold?
*This link comes directly from our calculators, based on information input by the member who posted.