Can you get this to CF?

[Mitch H.]

Ran across this deal on the MLS. Side by side 2bd/1ba, B location in West/Central Denver, listed at $450K. I did a quick analysis and cannot even get it to CF. I ran it as owner occupied 3.5% down financing, and assumed each side could rent for $1,200 so $2,400 total. Even assuming an aggressive 28% total expenses (no Management Fee) I can barely get it to break even after P+I, let alone return any meaningful Cash on Cash.

On top of this, while functional looking, the interior could use an update.  The exterior looks a little sadder, and the roof looks like its well into its useful life.

Does anyone care to add their $0.02? Do you have better assumptions?

[Steven Tawresey]

@Mitch H.

I'm finding similar sub-par deals here in Denver. At this point, I'm 98% sure I'm taking my $0.02 elsewhere. 

I'm reserving the remaining 2% just in case a 2%er falls in my lap, but I'm not going to wait for it.