Updated about 7 years ago on . Most recent reply
Deal analysis for newbie
Maybe you guys can help me analyze a deal, any hello would be amazing. I’ll post the details and you guys tell me what you think. This is a duplex with the asking being 178,000, annual taxes are 1494, insurance should be about 100 bucks a month, PMI should be about another 108 dollars a month. Tenants pay all utilities from what I’ve seen. I need to double check that. My interest rate is about 5% for a 30 year fixed mortgage. One side of the duplex is being rented out for 700 a month. In this area rent can range from 700-880 and higher for higher end rentals. What do you guys think?