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Updated about 6 years ago, 10/17/2018

User Stats

83
Posts
39
Votes
Timothy Casallas
  • Real Estate Agent
  • Queens, NY
39
Votes |
83
Posts

[Calc Review] Help me analyze this deal

Timothy Casallas
  • Real Estate Agent
  • Queens, NY
Posted

View report

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

This is my first duplex I am working on buying for a buy and hold. I'd love to know what you guys think about it and just to get an extra set of eyes in case I am missing something with the numbers. Sellers would pay closing costs in this scenario. The key to this duplex for me is that it has separate water meters for each unit and tenants are paying all utilities which is not the case for a lot of the other multi-families of the same price range in the area. Another pro is that it is easily rented since the location of the property is very close to downtown Tucson and the University of Arizona. However, a few cons Id like to note in my opinion:

1) The block is kind of ugly. It's not the worst but its def going to appeal to more lower income families.

2) The comps for similar houses were around 160k as of the last one sold last year. I put 180k as an ARV because thats where Zillow has it, but I think its probably closer to 160k to 180k in my opinion. Part of me feels like id be overpaying, but this is final price after numerous counter offers. The cashflow though just seems so good to me.

3) Big down payment.

If there is anything else you guys would like to know, feel free to ask and I appreciate everyones help.

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