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Updated almost 16 years ago,
Help Analyzing some deals
1) Price: $249,000 (duplex in class b, c area/San Diego, CA) Shortsale and appraisal came in at list price, orig. owner purchased for $475k in 2005
Owner pays utilities, tenants pay elec., gas
2 units rent for $1200 a month. One tenant on Sec. 8
2) Price: $400.000 (Quad) listing was reduced by $200k (don't know reason)
Owner pays utilities, tenants pay elec., gas
4 units rent for $1150 a month
Both require 20% down and 6.75% for 30 years as an investor loan from FHA.
Not sure of Appraised value for quad.