Updated almost 8 years ago on . Most recent reply
Is this a good deal for cash flow?
Hello All,
Looking for advice on the numbers of this Duplex I have been analyzing the past few days. Currently not being rented and it needs some minor repairs. Here are the details. I'm looking for cash flow on this deal to build my portfolio. Is this a good deal to pursue?
Market CAP Rate: 7% | Mkt Rents: $1100-$1200 | Duplex: 2 2BR/1BA Units
Pro Forma Numbers
GOI: $28,800
Effective GOI: $25,920
Total Expenses: $10,400
NOI: $15,520
Debt Service: $12,427 Based on$165,000 Purchase price. @ 20% Down 5% Interest 30yr Amortization
Cash Flow: $3,176
CAP Rate: 9.46%