Investment Duplex

[Sean Delaney]

Good morning BP nation! I'm looking at a duplex as a buy and hold property where I would not live in either units but would be the PM.

Purchase price $150,000

20% down 30 year mortgage

Initial cash invested $34,500 ( closing costs 3%)

1,500 SQF

Unit 1- 1 bed 1 bath rents currently for $775 but will be going up to $800

Unit 2- 3 bed 1 bath and will be renting for $1,000

Gross rent- $21,600

Operating income- $19,872

Operating expenses- $8,343

Taxes- $6,200

NOI- $11,529

Cash Flow- $4,654

Cash on Cash return- 13.5%

This would be my first duplex and looking for any insights on if this is a solid deal or what numbers I would need to make this work.

Thanks!

Sean

[David McEwan]

Looks good so far!