[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted. This deal looks like a win! . Seeking to partner.
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Closing costs look a little light. The transfer tax alone is $2300 ( Buyers portion 2%). Home inspection will probably about $400-500 for a duplex in that area. Plus legal/settlement and title insurance. It’s an old home circa late 19th century...may want to budget for more up front repairs and deferred maintenance.
Also the Town of Smyrna required landlords to have an annual business license which runs about $55 per unit. Each time you go to fill a vacant unit the town will need to inspect as well, which costs a small fee. It doesn’t add up to all that much but something to be aware of.