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Updated over 11 years ago on . Most recent reply

User Stats

120
Posts
56
Votes
Amine E.
  • Investor
  • Edmond, OK
56
Votes |
120
Posts

Deal or no deal

Amine E.
  • Investor
  • Edmond, OK
Posted

Side by side duplex. Last sold in 04 for 175K. reasonable rent for each side is $825. Here are the numbers:

  • 20K in repairs
  • Taxes are $2400
  • INS is $2000
  • Separate utilities except for water and trash: ~$100/month
  • Will manage myself.
  • Finance is 20% down at 4.75%, 15 years.

Thinking to submit an offer for 85K. What do you guys think??

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