Early analysis $500+ cash flowing duplex

[Shawna WImpy]

I found this duplex, 2016 Pond Lane, Chesapeake, Va on Zillow that looks to be cash positive with a rehab budget of 70k.  After a year of tinkering I'm now getting serious...but not in a position to take advantage of this opportunity.  If someone does purchase this property due to this tip, I ask that you contact me and allow me to discuss your analysis vs mine.   

Thanks,

Shawna

[Patti Robertson]

I used to manage a duplex just like this on Pond until it sold.  It wouldn't be anywhere near $70K to get these units into rentable condition. Looks like it was listed 6 days ago for $155K.  It's a decent price for a brick duplex in Chesapeake, even if it does need a little work.