Updated almost 12 years ago on . Most recent reply
Does this Duplex Deal Work?
List Price: $135,000
Gross Income: $19,080
Net Income: $16,020
Unit 1 Rent: $795
Unit 2: $750
Debt Service*: $9,121
*Debt service calculated based on 80% of $130,000 at 6.25% based on a 20 year ammo. I figure I can get the seller down $5K from the list price.
Does this deal work?