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Updated almost 9 years ago,

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13
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0
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John Stockinger
  • Salt Lake City, UT
0
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13
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Duplex Analysis in a B neighborhood

John Stockinger
  • Salt Lake City, UT
Posted

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? 

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