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Updated about 4 years ago,
Property Analysis- 2 units on the same property
List Price: 150k
2/1 SFH - $1200/month rents
1/1 Mobile Home - $1000/month rents
Ins: $100/month Prop Tax: $150/month
Home seems to be in fairly good condition. I am estimating less than $5k for touch ups.
The SFH is currently not rented, but mobile home is. Both are metered separately and tenants handle their own utilities.
Seems to be a C neighborhood.
Expected CoC Roi after PM/Reserves: 35% ($987/month)
I NEVER find deals on the MLS. This seems too good to be true. What am I missing? What questions do I need to get from the seller? I know I need to get an estoppel to prove rent of the mobile home unit.