Hello,
I am about to close on a deal on a 2005 8br/4ba (4/2 on each side) duplex that I was hoping to get analyzed as this is my very first investor purchase.
| Purchase Info |
| Square Feet (2 Units) | 2,492 |
| List Price | $189,900 |
| Purchase Price | $171,750 |
| Initial Cash Invested (down+cc) | $51,340 |
| Income Analysis Monthly Annual |
| Net Operating Income | $1,171/mo $14,047/yr |
| Cash Flow | $527/mo $6,330/yr |
| Financial Metrics |
| Cap Rate (Purchase Price) | 8.2% |
| Cash on Cash Return (Year 1) | 12.3% |
Does this seem like a decent deal? Option period just expired with the inspection popping one major problem with the HVAC that seller is fixing. Just nervous since this is my first deal and am second guessing the numbers. I am not even sure what questions to ask on here. Thoughts?
Thanks!
CK
