Duplex analysis
I'm in the process of analyzing one duplex in Sacramento with below breakdown.
Price: $165,000
Type: Duplex (each unit has 4 bed/2.5 bath )
Rent: $1,050 /each unit
Repair: $20,000 (property needs rehab)
Vacancy: $346.50
Insurance: $100
Maintenance: $210
PM fee: $0 (I'm going to manage it myself)
Landscaping: $80
Utilities: $100 (trash only)
NOI: $13,182
Cash flow: $4,678.75 (20% down 30yrs fixed @ 5%)
Cap rate: 7%
However, this property is located in lower-middle income area which makes me feel hesitate to proceed. What would be your opinion?