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Updated about 11 years ago on .

User Stats

247
Posts
63
Votes
Vonetta Booker
  • Investor
  • Stamford, CT
63
Votes |
247
Posts

Is this a good 2F/buy & hold deal?

Vonetta Booker
  • Investor
  • Stamford, CT
Posted

Saw this 2-family property on the MLS; it looks like a decent deal but wanted to get your thoughts on it. $59k (an REO), one unit's a 2/1 (rents are around 1050), the other is a 3/2 (rents up to 1300). Currently boarded up to protect the pipes, but inside doesn't look that bad--maybe $10k in repairs, which I'm going to roll into the loan cost.

I worked the numbers up on one of BP's rental analysis spreadsheets (see below).  Thoughts?