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Updated over 7 years ago,

User Stats

54
Posts
14
Votes
Noelle Yarn
  • Virginia Beach, VA
14
Votes |
54
Posts

First owner occupant Duplex: Deal or No Deal?

Noelle Yarn
  • Virginia Beach, VA
Posted

I am looking to purchase my first owner occupant duplex in Hampton Roads area.  When I run the numbers it feels like I'm missing something.  Could use some advice.

List price:180k

2b/1b in unit A and unit B.  Listed as renting for 950 each.  I would like to offer at least 20% off list but it is a new rehab so re agent says stay at list price (of course).  it is in a good location and I would use fha financing putting payments at 1170 or so. This would only be for a year and then rent out both units.

Any thoughts as to whether offer list and if not what would you suggest?  Is this a deal or move on?

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