Missoula, MT - Duplex househack - OPINIONS NEEDED
Hello all,
I am looking for any feedback regarding a deal I am heavily considering. If you are not familiar with the Missoula market, it is hot at the moment (like most) and deals come and go fast. Rents are rapidly increasing here. I saw this one and acted quick and would like to see how other view it.
Cost: $345000
Location: East missoula
Duplex (separated houses) 3bed 1 ba, 2bed 2ba
Separately metered.
2007 build (2/2) & 1920 build (3/1) (07 remodel)
3/1 market rents are $1200 +/- 120 (currently)
2/2 market rents are $1100 +/- $110 (currently)
I will be living in the 2/2 for ~ 1yr (househack)
VA loan used, 30 yr, ~3%
PITI is around $1800/mo
Operating costs living there ~ $250/mo
Operating costs moved out ~ $500/mo
Rents will go up in the coming years and this deal is located next to an area of rapid development and gentrification.
Any input is appreciated and thanks for your time!!