All Forum Posts by: Ken C.

Hi BP,

I have been using the BP tools like crazy and find it very friendly and informative. I've done random Rental Property Calculation and used Rent Estimator tool on multiple properties. I've found several properties that I thought would work. So I've found  a duplex for sale and the duplex are currently occupied with current tenants. With the price it's currently asking and the current rent income, it has a CoCROI of 6% but that is with cash purchase. I have the report available and have it posted here on BP forum, (https://www.biggerpockets.com/...) My question is, knowing that there are current tenants and it is producing income from day one, would/should you go through with the physical inspection of the property? I understand there is still paper work/research that should be done on the property.

Thank you,

Ken

Quote from @Timothy Yost:

Hi Tim,

Thanks for your reply. I did have the maintenance at 8% but realizing pricing could go up, I updated to 10%(better safe then sorry). If there is a mortgage to this deal with the current percentage, the CoCROI would be less then 1% or even in the negative. I was looking to see if purchased by cash would be a better option.

Thank you,
Ken

View report

*This link comes directly from our calculators, based on information input by the member who posted.