Thought it was a loser but..

[Andrew B.]

Taxes are $1173.13, tenants pay $710.00/month = $17040.00/yr, Insurance is $697.68, tenants are on a lease with a 60 day notice required, Tenants pay all utilities including hot water tank rental. Which is $34.61 quarterly.

This a 2 unit building (each 3 bedrooms), Selling for 144,000 but I could get it for 134,000.

Just because the tenants pay utilites how does that change things?, because it obviously doesnt work with the 2 percent rule or 50 percent gross rents. But I see a 345 dollars cashflow before repairs a month?

What am I not seeing or is it an ok deal? I know you wont like it Mike but I cant find a duplex for under 100K like you can :P lol!

Thanks Guys