Updated almost 12 years ago on . Most recent reply
2 Duplex deal evaluation
Looking at two adjacent duplexes. Listing for $580k, the four identical units are each 3 bed 1 bath renting for $1200 a unit. Average rents in the neighborhood for comp houses are $600+ per bed. Taxes are $9600. Not sure on insurance or other expenses so if others have insights on that please share. I'd be putting 20% down at 4.1% interest. Does this seem like a good initial investment? The properties are in decent shape in a great neighborhood, with minor cosmetics they'd look great.