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Updated almost 9 years ago,
Duplex in Temple City, CA did I analyze it correctly?
Hello BP, I found a Duplex in Temple City, CA I'm curious if I analyzed the deal correctly. I'm going to try and see if the owner will do seller finance.
Front house, 3Br/1 & 1/2 Ba
Back house, 1BR/1BA
1,843 sq ft.
5,663 sq ft. lot
Sale $650,000
8% interest = $52,000
Total = $702,000/30= 23400/12= $1950 a month
$1950+650(tax)+180(insurance)+$200(repair funds)= $2980
Rental comps for 3Br/2Ba $2200-$2500
1Br/1Ba $1200-$1600
With conservative rent income $2200+1200=$3400
Cash flow $3400-2980=$420 a month
Let me know what you guys think and tell me if I did anything wrong or if I need to increase or decrease any of my numbers.
Thanks again guys for the help.
Kevin