[Calc Review] Is deal too good to be true?

[Axel Norvell]

View report

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

I'm looking at a duplex that is currently tenant occupied at 950 / month. The other unit is the same size (3 bed, 2 bath) and can rent for the same for a total of 1900 / mo in rent. That's assuming I don't increase rent to match the rental comps in the area which are an average of $1,366 for a 3 bed 2 bath.

I put in high vacancy as tenants in the area tend to rent month to month, along with 10% for maintenance, capex and management.

The property is in good condition needing minor cosmetic things to be rent ready and appears to cashflow at $552.08 with a 20% ROI.

Is there something I'm missing?

[Frank Geiger]

Ya insurance otherwise you have a 2% rule property. If it's a rough area, I may look into budgeting for evictions and extras like that too