Updated almost 6 years ago on . Most recent reply
Help on my evaluation?
My wife and I are new to investing and have found what we believe is unique and exciting opportunity in our location in Central Wisconsin. I have run the numbers and would love to get a second opinion from the Bigger Pockets community to get a warm and fuzzy. Thanks in advance for any feedback;
- Description: Two unit side by side duplex
- Purchase Price: $175,000.00
- Down payment: $43,750.00
- Interest Rate: 5.0%
- Term: 30 Years
- Taxes: $3,600.00/Year
- Insurance: $1100.00/Year
- Rental Income: $1700.00/Month
- Utilities/Grounds keeping: Tenant paid
- Vacancy: $408.00/Year
- Maintenance/Misc Savings: $1,000.00/Year
COCROI: 13.42%
Cap Rate: 8.19%