[Calc Review] Help me analyze this deal

[Keleisha Carter]

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

Selling price: $244,900

Property type: Duplex ( both units rented)

Unit 1: 4 bedroom and 1 bathroom $1450

Unit 2:  2 bedroom and 1 bathroom

For this deal to make sense, I would have to pay between $235,000 and $238000

Is this a good deal based on the numbers?

[Mark Trebor]

I think your range looks good.  I never pay more then 100 times monthly rent for a house.  That number works for me in my area and interest rates below 5.5%.  I budget 23% of revenue for maintenance and operations.  I rent in a college town and typically have a waiting list for people to get into my properties so I never factor in vacancy issues either.  I self mange with a heavy dose of skilled plumbers and maintenance people.  Good luck