Updated over 10 years ago on . Most recent reply
Deal in process. Thoughts?
Duplex in B neighborhood with recent remodel in both units. All new hardwood, kitchens, and paint. 4 year old roof. Furnaces in decent shape.
Purchase Price 140k
Morgage Amt (25% down) 105k @ 4.125% locked in
Gross Rents 27k
Taxes $4300
Inurance $850
Water/Sewer $850
Gas & Electic Tenant pays
Lawn Maint $800
I will be self managing
Cap rate is over 10 with vacancy etc.. but in the mid 1% range compared to the 2% rule per Rent Analyzer.
Am I missing anything? Thanks!!