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Updated almost 6 years ago,
[Calc Review] Help me analyze this deal on a Duplex
So this Duplex is just short of 100 years old, in good condition with few minor repairs that can all be repaired DIY for under $3500. It passes the $100 a door and my Cash on Cash is well above 20% (FHA funding, 3.5% down, will live in one side for 1-2 years and then rent out the unit I previously occupied. Living in one side to save my 15-20% down for the next property). Is 8% for Cap ex and repairs good knowing the bigger ticket items are already accounted for by the previous owener? Any other input would be great.
Thanks team!
Dyl
*This link comes directly from our calculators, based on information input by the member who posted.