[Calc Review] Help me analyze this deal 3bed/2bath duplex appraised at 377k
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I would plan to house hack this duplex for one year and then move out and convert to long term rental. I understand the cash flow and cash on cash returns aren’t very high at first on this deal. However, I am wondering if this is what a good deal looks like in today’s current market around 1 hour south of DFW. I would be co borrowing with my brother and we have preapproval and the property was listed at 375k and had a sellers appraisal done at 377k but I am thinking of offering 355k and we cover closing costs. Let me know what you think. This is the only duplex in the area that I would be willing to move into right now so if this doesn’t work I would probably try to house hack a single family home.