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Updated over 6 years ago,
[Calc Review] Help me analyze this deal (Rookie)
*This link comes directly from our calculators, based on information input by the member who posted.
Hello! So I have been playing around with the calculators lately, trying to analyze multiple deals per day and really start to try and get an understanding of everything. While experimenting/ searching for a potential first property to purchase, I came across this set of duplexes in a neighboring city. After inputting the rough but hopefully conservative numbers, I have yielded some really remarkable results. To someone with more experience than myself, does this look as good as I think it does? It is 3 duplexes sold as a package deal. The purchase price I have set is $15,000 less than the current asking price, but it has been on the market for a few months now so I assume that to be reasonable, especially since this person is trying to offload a triple property package deal. The numbers include the current rent being increased by $75/mo (current rent is a little low). The difference in cash flow between managing myself or hiring a property manager is $478 when managed, and upper $800s when managed on my own. I would most likely hire a property manager for the size of the property. Does this seem like a good deal, especially seeing as it would be my first investment property? Is this getting myself into something too large for the start? Are my numbers reasonable? Thank you so much for your feedback!