I ran some numbers on a possible deal

[Raul Velazquez Jr]

Hello everyone, I just crunched some numbers and I would like to know what you guys think. For this deal I plan on getting an fha loan so I will live in one side and rent the other. The first report reflects me staying in the duplex and the second report is with both units rented.

[Caleb Heimsoth]

You’ll likely always be negative when living in one of the units. If it’s a duplex have you taken into account water or heat costs if need be? Sometimes landlords pay for those, but depends on area.

Your closing costs are likely low. It would be closer to 5k, and likely higher if it’s FHA as it has higher closing costs. What about PMI? Did you take that into account? Since you’re below 20 percent equity you’ll have that as well.