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Updated almost 10 years ago,

User Stats

48
Posts
7
Votes
Brandon Holtzinger
  • Homeowner
  • Granbury, TX
7
Votes |
48
Posts

Need help analyzing duplex - Will be my first offer

Brandon Holtzinger
  • Homeowner
  • Granbury, TX
Posted

I don't know what all info is needed but I will list as much as I know.

1682 square feet. 841 per side. Built in 1977. Each is 2 bed and 1 bath. Property looks to be in good condition. Owner moved across county and does not want to manage rental property out of state. Property is located close to town in a good neighborhood. Walking distance from high school in one direction and hospital in another.

Asking price is $125,000

Currently rented for $750 per side. 5 years for one tenant and 1.5 years for the other.

Taxes were $1950 last year.

All utilities metered separately and paid by the tenants.

After entering all info into J. Scotts spreadsheet using $120,000 purchase price. 20% down ($24,000)
Financed for 20 years with a 5% interest rate (both are total guesses)

Using a property manager the numbers came out to $3,017 annual cash flow
8.16% Cash ROI
15.91% Total ROI

Any help would be appreciated.

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