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Updated over 3 years ago,
[Calc Review] Help me analyze this deal
Getting ready for our first purchase and would love to hear any input people have.
Our objective in real estate is slightly different than many others - we're over invested in company stock so are diversifying to real estate for less volatility. We don't need the cash flow right now. This is a long term play.
Property is a duplex in a hot neighborhood in a hot market for appreciation (Nashville). Idea is to hold for minimum 5 years, likely longer. The place has been recently flipped so new bathrooms, paint, floors. Opportunity to modernize kitchens in the future. Built 1980, brick. Tenants already in place with a year lease and they look solid. Tenants pay all utilities.
What am I missing??
Bonus Question: We're doing a walk through today. Any tips on thinks to look for / gotchas appreciated!
*This link comes directly from our calculators, based on information input by the member who posted.