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Updated over 6 years ago,

User Stats

399
Posts
222
Votes
David de Luna
  • Rental Property Investor
  • NorCal
222
Votes |
399
Posts

[Calc Review] Help me analyze this DUPLEX deal

David de Luna
  • Rental Property Investor
  • NorCal
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I'm in NorCal and real estate is expensive. I keep looking at this deal wondering if there's a better use of $60k. This property first record of purchase on Zillow is 9/1999 selling at $89,500, indicating a 21.82% appreciation rate at the current sale price, including factoring in a 51% drop in value when sold in 2010. My model uses only 10% to be conservative. Not the cash flow I was hoping for. Am I missing something here or is this a deal worth doing? By the way, broker thinks we can get a $10k credit at close for a new roof needed.