[Calc Review] Help me analyze this deal
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Hey BP,
Just got my first house under contract. It's in Elkridge, Maryland and I close this month. Just want to get some opinions on the analysis and get some piece of mind. Please feel free to share your thoughts.
I'm acquiring the duplex with a VA loan and plan to live there for a year or longer before I repeat this process again. I set rents at $1600 per unit which is well below market rents. I could probably get $1900 per unit giving that each is a 3 bed/3bath but I'm trying to be conservative.
I'm also not focusing on cash flow after expenses. I have a high paying W-2 job and all profits will be saved for future properties. Just want to put that out there for people who look at the $28 monthly cash flow. My priority is that all expenses are covered for this property and not coming out of my W-2 paycheck.
Thanks BP.