Duplex - Running the numbers & Financing...
I found a property that sounds like a good deal. Wanted to run this past you guys and also see about getting financed.
2 buildings - 4 units total (two duplexes)
each unit is a 2bd, 1ba
They are asking $133,000 for all 4 units. All are currently rented, generating $1325 a month. Tax is about $930 a year and owner would have to pay insurance.
I estimate the payment on this would run about $918 (100% LTV). Seems you could still turn positive cash flow even with all expenses, including property management.
What do you think? Anybody able to do 100% financing or close to it? I have excellent credit, secured assets, and documented income.
Thanks,