Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
help me analyze this purchase
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?