Duplex to analyze please

[Mary Faith Janson]

Please help us on this deal! 

We have an offer in for $197K right now, waiting to hear back. Asking price is $218K.  Calculator is based off of the asking price.

This is in Texas, where the property taxes are stupid high.  Just found out that this town is having a new factory move in, upwards of a few hundred new jobs, it is a college town too.  Also, the town 15 miles away is having a growth spurt (45 miles out from Dallas Metro) and is having a major infrastructure railroad hub moving in - 9000 acres quietly bought up in the last 2 years by the railroad.  Will be one of the largest shipping hubs in the country.  This property is in the best area (Class A) of the town, too.

My gut says to buy it - wait for the growth to have it cash flow better, but our cash reserves are thin if something goes wrong with the property.  
Thank you!

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