Deal Analysis
Asking price: 183k
Maximum Offer: 160k, although i'd love to get it for closer to 140k
Location: SE Portland
Duplex with both units having 2 beds and 1 bath
Gross Month Income: 1700
Anticipated Monthly Profit: $500
Repairs: No major repairs to best of my knowledge, maybe a grand or two in general repair
Just to give you a comparison, desirable areas in Portland can have 2 beds going for 900 and up, so the 850 per month units are close to market value, maybe a little under.