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Real Estate Deal Analysis & Advice

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Peter R.
  • Tampa, FL
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Duplex Deal Analysis Requested

Peter R.
  • Tampa, FL
Posted Dec 22 2013, 23:53

I've been lurking for a bit and learning a TON on BP, thank you all for this great community!

It's my first post and I hope I formatted everything correctly!

Any thoughts on this deal would be appreciated, I'm thinking of making an offer in the next few days.

Occupied and fully rented duplex. 2/1 per side. Lower income area but not a warzone, access to decent/good schools and minutes to major highways for commute/work.

Separate Utility/Water meters for each side, tenants pay all utilities in their own name.

Purchase Price: 81500
Rental Income: 1300 - Current. I think it could increase to 1400-1500 easily.
Vacancy: (117)

Gross: 1183

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Mortgage: (350) 10% Down, 73395 @ 4.5%
Property Taxes: (83)
Insurance: (133)
Maintenance & Replacement: (166)
Property Manager: (118)
Admin/Legal: (15)

Expenses: (865)

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Total Cash Flow: 308/Month

For my first post here, is this a good deal?

Thanks!

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