$1M for 3 Duplex Townhomes near Fort Knox, Kentucky

[Troy Luster]

Hello BP, I'm trying to analyze a deal everyday until I pull the trigger on MF. Here are the details: Purchase price: $1.049M Monthly Rent: $8100 1-2% rule, no: 0.77% Area: B+/- Units: 3/2.5 Days on market: 203 Year built: 2015 Estimated commission to me: $31,491 2 car Garage 1800 sq ft Questions: 1. Besides the obvious benefits of buying like new (more depreciation, deferred CAP EX expenses) what are some others? 2. What would down payment/financing look like for something like this? Even if I owner occupied, loans like FHA and VA are out because of the total amount. Your comments are much appreciated.

[Thomas S.]

Based on the rent to value there would be little point in analysing any farther. IT is overpriced and not a viable investment option.

You would most likely be required to put a minimum 25% down and the value of that equity would kill any possibility of ever having positive cash flow.