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Updated over 5 years ago,
[Calc Review] Help me analyze this deal
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Love how great this community is!!! So I have been looking to analyze deals and this one struck me as interesting. Possibly even has a viable house hack and stay in one unit for two years (hence the lower interest rate compared to a typical real estate investment property) This is a new property so should have very minimum/zero repairs.
Basically would have about $930 a month portion to pay towards mortgage if other unit is renting for $3650. Two years of living in one unit saving up money....then look for another unit to do it again. I know a many people will not consider a good deal unless the the cash on cash ROI is greater than 15%. This one is at 13.68%....sooooo not 15% but not horrible.
Any insight would be good......low vacancy rate was partly to me living on one side and large college town.....should be in high demand.