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Updated almost 4 years ago,

User Stats

27
Posts
7
Votes
Aaron Lancaster
  • Rental Property Investor
  • Springdale, AR
7
Votes |
27
Posts

Should I buy this duplex?

Aaron Lancaster
  • Rental Property Investor
  • Springdale, AR
Posted

I'm stuck in analysis peralisys and am trying to figure out if this is a good deal. I'm hoping some more experienced investors can give their feedback. Here are the details on the property:

Type: duplex (off market)

Price: $250,000

Down payment: 25%

Interest rate: 3.45%

Year built: 1995

Rent: $995 per unit (both are currently rented with a long term tenant of 4 yrs on one side)

Tax amount: $1,885

Insurance quote: $1,387

Condition: good (no renovations or make-ready costs necessary)

Location: Northwest Arkansas,  good location only 6 minutes from a university

This is a fast growing market and properties seem expensive here, but I'd really like to find a deal here since it's near where I live. Any thoughts on this deal would be much appreciated! 

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