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Updated over 7 years ago,
First Duplex Deal Analysis
Looking to get any feedback on my first duplex deal. It is not a huge cash cow but property is in great condition and in an easy to rent area and hot market.
Purchase - $259,900, 25% down (roughly $65,000), 4.375% rate
Both units rented to long term tenants - Currently brings in $1750 but the upstairs is atleast $150 under market value so I would look to up to $1900.
Payment, Insurance, and Taxes - $1350/month.
Tenants pay all utilities
Seems like an okay deal with rents at $1750 and a solid deal at $1900.
Any comments would be appreciated, thanks in advance.