Is this a good deal?

Question

There is a duplex 4/2.5 that is selling for $250k in a local URBAN area. Schools are 1 out of 10. Estimated cashflow is $2400 a month. I uploaded the information in the Rental Property Calculator( assuming my input figures were accurate) please see the following. BP podcasts states this is a great place to get educated advice. Is this a good idea to invest in

7.59%Purchase Cap Rate

23.26%Cash on Cash ROI

$10,350.00Total Cash Needed

$18,600.00NOI

7.59%Pro Forma Cap

Monthly Cashflow$200.65

7.59%Purchase Cap Rate

23.26%Cash on Cash ROI

$10,350.00Total Cash Needed

$18,600.00NOI

7.59%Pro Forma Cap

Monthly Cashflow$200.65

Tamara Spiller · Answer

yes, your explanation did help

Tamara Spiller · Answer

@Dorothy Butala Please see below and thank you for your response

Dorothy Butala · Answer

@Tamara Spiller  Can you post a screenshot of your inputs?  Also, you need to know what your metrics are for evaluating a deal and what you want to see in a deal.  For example, I generally don't care about anything but actual cash flow, so the other numbers like ROI and IRR don't weigh very heavily on my decisions.  I like that your deal is at least making $100 per door ($100 per door is my minimum amount of cash flow that I like to see in my deals).  Each investor will look at each metric differently and give different weights to those metrics based on their personal financial goals and what they want to see out of the properties they are investing in.  Hope this helps.