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Real Estate Deal Analysis & Advice

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Melissa N.
  • Rental Property Investor
  • Charlotte, NC
88
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293
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Would you buy it?

Melissa N.
  • Rental Property Investor
  • Charlotte, NC
Posted May 19 2016, 16:31

ok here's the jist of it:

Asking $112k for a duplex in c class neighborhood.

Offered 90k because it needs about 15k of work and recent comps in the area l sold for around 90k.

Seller countered at 105 but will do the roof. 

At 100k it can cash flow $458. Cash on cash was 18%.

Appreciation hasn't been great in the past but it's in a growing area and the "path of progress" since its a hike ride to the new light rail.

Another kicker is that one of the current tenants is a sex offender. 

Would you buy it?

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