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All Forum Posts by: Steve R.

Steve R. has started 3 posts and replied 13 times.

4 plex

list price $400k

fourplex : monthly total rent 900*4 = 3600

(appreciation stay the same for past 5 year)

• Capitalization Rate: 8.22

• Gross Annual Expenses: $10,700

• Gross Annual Income: $43,500

• Insurance Expense: $2,500

• Net Annual Income: $32,800

Post: Buying Duplex in A Hot Market

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

https://www.redfin.com/TX/Austin/9706-Eastwend-Dr-78753/home/31510504
List price: $320,000 now have multiple offer.  does it really make sense to buy cash flow negative duplex? (this with the assumption in the future, the rent can be increase and the appreciation of the house increase.   

Post: Negative cashflow in Austin

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Tamilaruvi Manisekaran

yes, i am checking the price of fourplex in the past 3 months in Austin as well. it just overprice with number of bid keep pushing it higher.