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Updated over 7 years ago, 03/24/2017

User Stats

20
Posts
8
Votes
Michael Faurest
  • Rental Property Investor
  • Louisville, KY
8
Votes |
20
Posts

Duplex with carriage house

Michael Faurest
  • Rental Property Investor
  • Louisville, KY
Posted

Hi, I have experience with single family homes and turnkey out of state properties.  I just put an offer on a duplex with a carriage house for $175,000.  The total rent between all units is about $2200 to $2400 per month.  The house was built in 1900.  I don't know yet about the upgrades or renovations as I'm starting due diligence.  Using the 50% rule, it nets about $125 to $150 per unit with a conventional mortgage.  This is my first duplex/triplex and I don't know what else I should be considering.  All units are good sizes in a decent area.  Do you think this is a good deal from the little info I have provided?  Thanks.

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