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Updated over 8 years ago,
Duplex analysis
What do you guys think? Am I missing anything?
Duplex, both sides vacant. Each side has 2bedrooms and 1.5 bath. Excellent location, about 5 minutes from downtown. It is on a main road.
Both sides completely rehabbed. Brand new appliances, countertops cabinets and hardwood floors. Roof was done as well as HVAC plumbing and electric.
NOTE: I plan on house hacking.
Asking price $175,000
According to comps rent would be about $800-850
Possibly $900
Total gross income $1600
Vacancy allowance $80
The mortgage including insurance and tax at that purchase price is estimated at
$1030
Maintenance and repairs
$120
Cap ex $160
Property management $160
Let me know if my numbers sound right or if I might've calculated too high or too low or what.