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Updated over 7 years ago,
$1M for 3 Duplex Townhomes near Fort Knox, Kentucky
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.