Would you buy it?
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?