Updated about 1 year ago on . Most recent reply
cash flowing duplexes in Worcester
I have a client looking for DSCR lending and is interested in a duplex. I'm finding units trading at over 200k+ in the city and am unable to find anything that cash flows even at a .75 ratio. Am i missing something here? I'm more used to underwriting multi families where cash flow potential is greater; is this just how duplexes typically run? I'm looking for a triplex as an option as well but haven't been seeing many of those in the market at the moment either.
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It is hard to find a duplex in Worcester that cash flows. It is even hard to find one that works as a mtg helper anymore. There are some triplexes out there that make sense but most of them trade off market.