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Updated about 7 years ago,
Please help me analysis this deal
Looking to do a buy and hold
Some numbers to look at.
Duplex
2 units 3 bedrooms 1 Bath each
Great school and 1 block to train in a very nice neighborhood.
Purchase price 210,000
And we can get it appraised at 230k on the low end we can borrow 75% which is 172500 at 5.5% is 979/month
Rents 32400/yr
P&I on loan is 11750
Taxes Yes very high in this area 6500
Vacancy 10%. 3240
Insurance 1500
Utilities on our end is 2400
Lawn and snow 1000
Management own. 1620
Let me know your thoughts
Thank you