Simsbury, CT Small Duplex Deal Analysis

[Account Closed]

Hello BP,

Im closing on a small 1240 sqft duplex soon. The home is a town house style Brick one level 2 family. Directly across the street there is the Farmington River and visable from the living rooms. The home is conveniently located close to restaurants, business, parks, and the highway. I plan to renovate maybe 15k total to increase rents to 1000$ each. Please give your input and let me know how I did?!

Simsbury, CT

Location B++

Listing Price- $179,000                       Water/Sewer- $110/Monthly               Heat Source- Electric Baseboard (tenant paid)          

Contract Price- $163,000                    Garbage- $34/Monthly                     

Appraised  Value- $180,000                Owners Electric- $22/monthly            

Current Rent- $1300/ 650 each          Home Owners Insurance- $41/Monthly

Market rent- $1750/ 875 each            Taxes- $3,924/ Yearly

After Rehab Rent $2000/ 1000 each    Interest Rate- 3.875@ 30 years