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Updated about 6 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
William Robinson
  • Wayne, MI
1
Votes |
5
Posts

Opinions sought on my first duplex deal

William Robinson
  • Wayne, MI
Posted

Greetings Bigger Pockets family. I am a first-time investor, looking to purchase a duplex. I used the Bigger Pockets analysis tool to analyze a potential deal and I wanted to get the community's opinion before I made an offer.

The deal

Purchase price: $150,000

Monthly cash flow: $176.64

Monthly expenses: $1,523.36

Cash on cash ROI: 105.99%

Purchase cap rate: 7.06%

Down payment: $0

These calculations include 2% for vacancy and 2% for repairs. The property is appraised at $189,000, so I will be entering with equity. I will be house hacking this property as well. Any feedback would be so greatly appreciated.

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