East Nashville Duplex Analysis
Hi guys, I found a listing in East Nashville. Very hot area right now. East of Gallatin road.
Asking $270K
Monthly Rent Roll is $2300
Taxes: $3k (i'm not sure why so high)
Insurance: 1K (assuming)
Prop mang: $2760 (10% of gross rents)
Maintenance: $2760 (assuming 10% gross rents)
Tenants pay all utilities and lawn work.
Duplex
2187sf
All utilities separate (water/elec/gas)
Separate HVAC units & water heaters
Off street parking (paved driveways) front & back (alley access)
UNIT A ($1450 Rent)
1242sf
3br/2ba
UNIT B ($850 Rent)
945sf
2br/1ba
I know this is a terrible deal for most people but can the Nashville natives who know the current market in Nashville let me know if this is something that would be an acceptable deal in that area?
I know only suckers bank on appreciation but east Nashville has been growing so much the past few years, and only set to grow further.
Any thoughts?
Thanks for the Feedback!