Updated almost 9 years ago on . Most recent reply
Would you buy this deal?
I'm currently looking at a duplex on the market price dropped to $72,900 from $79,900. It's been on the market for almost 2 years and hasn't sold. Here are the numbers. It looks like a solid investment. It will need a roof in a few years.
Purchase Price - $67,000
Total rents - $1225
Taxes - $207.41 a month
Ins - $59 a month
Water - $65 a month
P/I - $270
Maintenance/Repairs - $125 a month
Capex - $125 a month
Vacancy 5% - $61.25
DP - $16,750
Closing costs - $1200
COC Return - 20%
Most Popular Reply
Hasn't sold b/c of Price, Condition, or Location. Could be a combination of more than one of those.
The numbers look good but definitely get a home inspection so you know what you're dealing with.
- Aaron Howell
