Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

12
Posts
3
Votes

Newbie - Please Help Me Analyze This Property

Posted

Hello BP,

I found an off market deal and I wanted to see your opinion on my analysis and whether or not I should move forward with this deal for a house hack. The property is a duplex each side being 1160 sqft 3 bed 2 bath, 2 car garage and a yard. Both sides also include a washer and a dryer. I am running my numbers based off 1350$ per side. My realtor believes I can get 1400$-1500$ especially if I allow pets (which I intend to do). 

The seller was initially asking 400k, I offered 370k and they cover closing. They countered at 375k and they cover closing. Here is my analysis for the 2 different scenarios with a conservative rent of 1350$ and a more aggressive rent of 1500$. 

Any advice would be much appreciated!

Conservative Rent:

Aggressive Rent:

Most Popular Reply

User Stats

1,570
Posts
905
Votes
Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
905
Votes |
1,570
Posts
Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
Replied

Did you also account for a tax increase?  Depending on when this deal last traded, you may see a tax increase when you buy it.  Otherwise I think the numbers look pretty decent.  I'd also account for a PM fee unless you plan on managing it forever.  It's always good to make sure the numbers work even with a PM fee, in case you decide to outsource it to a PM one day.

  • Brock Mogensen
  • Loading replies...