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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceJust closed on first duplex in Oak Ridge, TN
Joseph Gibney's profile image
Joseph Gibney's profile image
Joseph Gibney
  • Rental Property Investor
  • from McKinney, TX
  • Member since Sep 2, 2014
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Joseph Gibney's profile image
Joseph Gibney's profile image
Joseph Gibney
  • Rental Property Investor
  • from McKinney, TX
  • Member since Sep 2, 2014
Connect
Joseph Gibney
  • Rental Property Investor
  • McKinney, TX
9
Votes |
22
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Real Estate Deal Analysis & Advice

Just closed on first duplex in Oak Ridge, TN

Joseph Gibney
  • Rental Property Investor
  • McKinney, TX
Posted Jan 25 2015, 09:07

I just closed on my first duplex in Oak Ridge, TN. My numbers are: pre-tax cashflow of approximately $97/unit, price to monthly rent 1.4x to 1.5x with an IRR of around 10.5%. Thanks to Bigger Pockets and the forums, which was a source of information and motivation. Now on to the next one!

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