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Updated about 8 years ago,
Analysis on my first DUPLEX rental property?
Hello everyone I am hoping to do invest in my first DUPLEX sometime soon. I have done the numbers myself but since it is my first time, I would like to make sure that I did not make a mistake. Here are the numbers for the property:
Price: 79,900
financing: 25% down cash
currently rented, gross income $14,760 yr
taxes $2500 yr
maintenance (tenants pay all utilities but I added this in case) $100 a month
repairs (there has been no inspection but I would say this number just in case) $3000
property management 10% = 1476
cap ex 5% = 738
vacancy 8% = 1180
I'm guessing it's a good deal, obviously not a great deal. But its my first time so I would like to make sure the numbers add up. Thank you guys for your help!