Updated over 9 years ago on .
Deal or No Deal???
Wanted to find out what everyone thought of this deal - $138,000 purchase. Seller pays all closing costs. FHA 3.5% down. Duplex - 3/1.5. $ year old furnace each side. Newer appliances. Will need about $20K in work. The roof is ok for now, but is a re-roof job and the shingles are starting to "telegraph". The roof is factored into that $20K. Along with windows and updating each unit. Current rent is $950 per unit currently. Once updated should be able to get at least $1050.
| Vacancy: | $95.00 | Repairs: | $133.00 |
| CapEx: | $133.00 | Garbage: | $40.00 |
| Insurance: | $85.00 | Management: | $133.00 |
| P&I: | $635.77 | Property Taxes: | $333.33 |
| Misc: | $100.00 |