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 7 years ago,

User Stats

12
Posts
0
Votes
Kelly Stevens
  • Salt Lake City, UT
0
Votes |
12
Posts

help me analyze this purchase

Kelly Stevens
  • Salt Lake City, UT
Posted

Hello Please help

This is in a very hot market in one of the best neighborhoods in the city. 

Duplex built in 1946 needing a new roof at some point and refurbish and repaint the outside shingles - 15000$ deferred capital improvement.

Price - $420,000

Gross income would be $28800/year (no vacancy rate - really!!)  - 1200 each so $2400 per month

Operating costs would be $7652/year ( prop tax, insurance maintenance, utilities, landscape) 

down payment 84000 borrow 336000 at 3.6% - 1589 which is $19068/year

So I would net $172/month with an output of $84000.

Would you buy it?

Loading replies...