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Updated almost 8 years ago on . Most recent reply

User Stats

136
Posts
72
Votes
Christopher J Lemmon
  • Investor
  • Little Rock, IA
72
Votes |
136
Posts

Duplex purchase advice-- would you take this deal?

Christopher J Lemmon
  • Investor
  • Little Rock, IA
Posted

Feedback welcome on this: 

Price $91,725

Units: 2 

Rents: $1425

Taxes: $1496

Insurance: $731/annual 

Type: Attached duplex, brick construction 

Class C to D neighborhood

Finance: 25% Downpayment, $22,931. Loan, $68,794. 

Mortgage Interest rate 4.75% 

Escrowed Paymemt: $544. 

Inspection: $450

Management: $145

Repairs: $150

Cap Expenses: $125

NOI: $461/monthly. $5532/annually

Do you need any more information? 

Would you take this deal? 

Thanks for your comments and thoughts! 

Chris 

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