Updated over 10 years ago on . Most recent reply
3 Duplex Deal! Check my numbers
Three, 2 bedroom 1 bath duplex's . Market Value $195,000
Purchase Price $175,000 20% down, 30yr amortization $751.55
Yearly Expenses
Property Taxes $2,000
Repairs/Capex $5,508
Insurance $2,500
Vacancy 10% $3,060
No property management due to being 5 minutes from my house.
Yearly Rental Income
$30,600
They are 100% occupied right now.
Operating Expenses Ratio 36.3%
Debt Coverage Ratio 1.94
Cap rate 10%
COC Return 21.3%
Waiting to hear back on HVAC and roof ages.