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Updated over 5 years ago,

User Stats

47
Posts
6
Votes
Jake Engle
  • Real Estate Broker
  • Pennsburg, PA
6
Votes |
47
Posts

My first BRRRR deal analysis (Duplex) Pennsylvania

Jake Engle
  • Real Estate Broker
  • Pennsburg, PA
Posted

Picked up an off market property that needed to be rehabbed to be brought back to life. I purchased the property for $165,000. $125,000 was through a private loan with a family member and I covered the rest and rehab. 

My analysis on the numbers are as follows:

Rehab: $30,000

ARV: 270,000

Total Rents: $1350 per side= $2700 plus detached two car garage that could be rented for $100 per month. 

All utilities paid by tenants

Lawn maintenance and snow removal: $150.00 monthly

I understand that there are many other factors involved in this analysis, but on the outside, does this look like a really solid deal?

My only concern is on the appraisal front, as there are very few multi-family units that have sold and the appraiser will have a tougher time coming up with an appraised value. 

Please let me know what other questions that I can answer as I know there are many variables that are likely missing. 

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