New Duplex

[Sid Newstrom]

Good Evening every one,

Closing in a week on the flip. for the Numbers (look at other post). :) Not bad for my first one... but anyways... I am going to use a 1031 and have a PA for a duplex. not much needed a little paint and clean in the lower unit, upper unit rented to a long time renter. I live really close to this one which is nice as I will manage. It is also in a great part of town. I know the cap and COC are not great but for my first buy and hold this should work. any input is appreciated.

rent currently 710, will raise to 775

each unit 2 bed one bath,

25% down and closing 42,625

121,875 @4.5% = 617.52

gross= 18600

vacancy 6% =1116

1500= water, sewer, garbage,

600= maintenance

2960= tax

COC 9.42

Cap 6.94

TROI 21.26

DSCR 154%

GRM 8.7

Thanks everyone