[Calc Review] Help me analyze this duplex deal

[Char Tovar]

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

[Jaysen Medhurst]

The 5% down leads me to believe that you intend to house-hack this property, @Char Tovar. Is that correct? I'm also assuming that your analysis represents both units being rented. Understand that you will have to intend to live here for at least a year in order to qualify for a low-down payment, owner-occupied residential mortgage. You should run your numbers both ways, so you know what you're getting into.

As far as your analysis:

• Closing costs look very high, but they are local. What has your lender told you?
• Hopefully after spending $316k, your ARV is higher than $10k...
• One unit is currently for rent at $1425. What makes you think you'll be able to get $1500?
• I use 8% vacancy in my underwriting. This is very local, though.
• You're forgetting CapEx. I use 15% combined with repairs.
• You're never getting management at 2%. Probably 10-12%.
• According to Zillow, taxes are $266/month.
• What about insurance, water/sewer, lawn care, and snow removal?
• I bet you can find a loan without points.
• With only 5% down, you will have PMI, though.