Updated over 8 years ago on . Most recent reply
Do or don't on this property.
Property is very well maintained, and move in ready. Owners will likely not accept anything less than full asking, or somewhere near, I have included graphics for four different scenarios though:
But essentially - is it worth buying a property if it "breaks even" to gain the equity over time?
Full price is 215k for a duplex in Vermont with estimated gross income of 2300/month, no immediate cost of repairs needed, also inlcudes detached two car garage with comepletely finished (no water/sewer or heat) upstairs space. Gas and electric are separately metered, therefore would be paid by tenants. Please let me know of any flaws in potential numbers or math estimates, thanks!
Should also mention that for the area (I've been looking at multi's here for a few months now) it would be considered to be in excellent condition.