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Updated over 11 years ago,
Looking for feedback on duplex deal
I came across an individual wanting to sell all his duplexes built in 2009. The asking price per unit is $152900, they rent for $895 a month and property taxes come out to about $2551 per year. I am not sure what insurance will be yet but I am guessing around $1200 -$1500 per year. These are all 3/1.5 units with a small backyard and 4 car driveway. The owners bank is offering guaranteed lending because of the rental history of the units for 11% down at 4.5% interest. It sounds like a great deal to me but I would like to get the BP opinions. However, at this time I am still waiting to hear back about any other expenses incurred by the owner, but based on the loan, taxes, purchase prices, and insurance; what do you all think?