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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceHow does this duplex look?
Mike Wallace's profile image
Mike Wallace's profile image
Mike Wallace
  • from Metro Detroit, Michigan
  • Member since May 9, 2012
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Mike Wallace's profile image
Mike Wallace's profile image
Mike Wallace
  • from Metro Detroit, Michigan
  • Member since May 9, 2012
Connect
Mike Wallace
  • Metro Detroit, MI
15
Votes |
120
Posts
Real Estate Deal Analysis & Advice

How does this duplex look?

Mike Wallace
  • Metro Detroit, MI
Posted Jun 30 2014, 05:57

$50k purchase price in a solid blue collar/working class area.

Gross from both units= $1300

Taxes= $2500

Insurance= $1200

water=$600

Lawn/snow= $1200

Building seems to be pretty updated so I figure $2400 per year in maintenance?

thoughts?

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