Is this Duplex Deal For Us?
Duplex Deal
3 Duplexes (2 Duplexes on 1 lot, and 1 Duplex on another lot)
Each unit has 2 beds/1 bath and are renting for 725/month. All of them have tenants.
They were just upgraded with new HVAC, roof, floors, paint, appliances
They are selling for 135,000 each Duplex
We have a HELOC pending approval in July of 107,000 from another investment property .
We used the Rental Property Calculator and so far it is looking like a great deal.
I don’t know what they appraise for.
Will someone look over the numbers with me? (I have the calculator reports saved in our BP Pro)
We think the numbers look great, but this is our first time using the calculator and being systematic in crunching investment numbers.