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Updated over 4 years ago on . Most recent reply
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Advice on duplex deal -- do it??
Details:
Duplex built in 1940. Each unit rents for $600. Window a/c units, there is no central a/c. Self-managed.
P&I, tax, insurance: $561
CapEx: $100
Repairs: $100
Vacancy: $60 (5%)
Water & trash: $55
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$876/month cost
So, $1200 (monthly income) - $876 = $324/month = 324*12 = 3,888
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Down payment: $24k (20%)
Closing costs: $3k
= $27k
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$3,888/$27000 = 14.4% CoC ROI.
Should I do it?