Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

44
Posts
12
Votes
Cody Holbrook
  • Nashville, TN
12
Votes |
44
Posts

Duplex in a convenient Nashville suburb, is it a good deal?

Cody Holbrook
  • Nashville, TN
Posted

I just recently got my real estate license, and I was looking at the MLS listings for multi-family homes. I found a duplex that came on the market today in a very convenient suburb of Nashville. The asking price is $119,900. I would like to make a cash offer for a little less. I can't go too low because it will sell easily to someone else with a higher offer. I'd be willing to bet this house will not stay on the market for more than a few days. I called the listing agent and he said he has a showing already scheduled for this evening. The current rent is at $950 total for both sides. I could get a little more easily. It's in a super convenient location, walking distance to Walgreens and a nice grocery, a decent neighborhood, like a C+/B- neighborhood, and good schools. Plugging it into the Rental Property Calculator with a purchase price of $112k shows a cash on cash ROI of 6%+. Should I make an offer?

Loading replies...