Brooklyn, NY · Member since 2015 · 84 posts · 94 votes
I told my real estate agent that I was interested in investing in a duplex or triplex and she flagged a property that has a 2/1 SFH with two 1/1 SFHs on the same lot. I'd basically be buying three houses. Assuming the setup is legal I think I could get great cash flow. I ran the numbers the same way I would for a triplex except that I adjusted for higher maintenance costs since I'll be dealing with three separate homes (three roofs, three heating/ac systems, etc.).
Is there anything else I should be thinking about when making this analysis??
One nice positive is that the homes, being separate, are ideal to enable all of the expenses to be passed-on to the tenants. (Lawn care, snow removal, utilities)
Good point! Unfortunately this one slip through my fingers, sold within hours of being listed. After a little more research it looks like these 1/1s are pretty common in people's backyards, they are pretty small so I'd have to build out to add another bedroom. Def something worth thinking about.