All Forum Posts by: DeAndre Mason

 Yeah unfortunately it was only one side of the the home! I didn't realize until I talked to an agent because the listing had made it seem like it was the entire property! DAMN SHAME!! Oh well, thanks for the heads up though Andy.

The interest rate for the VA loan should be anywhere from 6.6-7%. As far as what I could get for rent, I'm sure the least is $1400 but I will be contacting the landlord of the two identical duplexes right beside it to verify.

Hello BP, 

I am currently trying to run the numbers on a $269k Duplex located in Morgantown, WV. This property is new construction and has not been completed yet. However, there are two identical duplexes that have been built beside this one and both of them are currently occupied. I can use the VA loan (No Down Payment or PMI) and put some extra cash down for a down payment if it helps my numbers to work better. Although current interest rates are high, we would be able to rent the other unit out for at least $1.5-1.6k on a $1400 mortgage. So it seems like my mortgage would be covered and only utilities, property tax, and home insurance would be out-of-pocket costs whilst also factoring in repair costs (new construction shouldn't have much at all but things happen). My goal is to move out of this duplex eventually in a few years and rent the other side out to extract the most cash flow possible. However, currently just trying to house hack and pay less than the current rent of $1500. What else am I missing that I should consider?

Other expenses: 

Property tax (Annual) : $1296

Home insurance (Annual) : $1128