Good deal or bad? Feedback appreciated.
Alrighty so.. still looking to do my first purchase.
Duplex each unit 4BR 2BA. Built in 2002.
Listing price: $99,900
Currently rented with tenants paying $750 & $800 per month.
Using 50% rule: $1150/2 = $575
By choosing a 30yr mortgage - 10% down - 4.1% int
$575 - $435
= $140 CF
now this is without having to throw any offers yet as I am still in need of a agent.
How do the numbers look?
Still a newbie here so I probably missed something
-Thanks :)