$2,100 Costs Gross Income CAP RATE 10.99% 9% YES $998.77 $25,200.00 CACROI 5.42% 10% NO maintenance $ 420.00 20.0% break even point in months 102 60 NO vacancy $ 210.00 10% NOI $ 471.23 $500 NO down payment $ 46,545.00 29% Tax liability $ (181.65) $ - YES Fees $ 1,605.00 1.0% Annual Net Income $ 5,700.13 Cost of Capital Improvements $ 56,150.00 Monthly Profit $ 471.23 TAX Money REVERSE VALUE Net Income $ 21,501.25 $238,902.80 Depreciation Expense $ 5,836.36 Projected Taxable Income $ (181.65) Item Cost Tax rate 1.81% furnace $ 5,000.00 Estimate Mortgage AC x2 $ 10,000.00 Interest rate 4.00% Archectect $ 6,000.00 Payment $690.54 Chimney $ 2,200.00 Period in years 20 Radon $ 850.00 PMI $ - Hot water heater $ 1,500.00 Taxes $ 242.09 Cut Floor Joists $ 600.00 Insurance $ 66.14 First floor remodel $ 30,000.00 Total $998.77 Utilities Deal 3#3 is a neglected duplex in a prime location. rents havent been raised in over a decade and are less than half market rents.Its been haphazardly patched up through the years cosmetically but the big stuff looks fine. will need new kitchen cabinets, appliances, paint, flooring, etcwill also need the current tenants to move out.

Yes, your rate will be higher but if you run into a financial rough patch, you will have a lower minimum amount that you would have to pay.  

A good carpenter can probably patch the cabinetry. 

I've checked with RealtyShares, Patch of Land, Anchor, and LendingHome and NONE of them do business in South Dakota.  

I tried a small investment with patch of land over 18 months ago they just filed a nod Interest was paid for 16 moths loan was extended twice and now they backed out a interest payment I guess for filing fees.

Is it close to a major city or out in one of the oil patch towns?

I also have a backup funding plan through Patch of Land.  

Both problems are with my pipes, before they connect to the city's.The bid to fix both problems was $13,600 (including about 12 feet of pipe replacement, city permits, street patches, and sidewalk repair). 

(Keep in mind, there are also expenses associated with turning over the unit to a new tenant, like cleaning, painting, replacing toilet seats, patching holes, etc.)Rent growth - consider this the cherry on top of your projected cash flow, but history suggests, especially around here, that you'll realize some degree of rent growth.

. $25KSTABABLIZE ONLY- leveling may cause significant damages43 Exterior CENTERBEAM STEEL PIER (TM)16 Interior CENTERBEAM STEEL PIER (TM)7 Breakout Patch$19KOPTIONAL CONCRETE PRESSED PILING PIERSMy real estate agent just called, she found out this home was originally closed on 5/7/2007, so it may still has 5 months remaining under 2/10 warranty.