Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Duplex Analysis in a B neighborhood
Over the weekend I met an agent with a few properties yet to hit the market. This one caught my attention and wondering if I'm off base on the property
- Duplex, with both units being 2/1
- B neighborhood in a growing area (is adjacent to a larger road however)
- Asking $259k
- Both sides currently rented at $750 month to month. Market rent would be more like $850-$900
- Aiming for 20% down
With all of the above and at current rates it seems like they're overpriced by about $60k.
If they were asking $200k it would cash flow $90 dollars a month and there would also be some upside to raising the rents.
Is there anything else I should be considering?