Help me analyze this deal - Off Market Listing, Cinci

[Kyle Neff]

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*This link comes directly from our calculators, based on information input by the member who posted.

Hi everyone - thanks in advance for helping with the analysis. Technically a duplex but there is a studio unit in the bottom level that is currently rented for $350. Also important to note is that the owner currently lives in one of the units and is potentially willing to rent from the buyer/new owner after the sale - I'm trying to figure out the motivation there. I would need to consider seller financing here or get creative as 25% down would wipe out all my reserves. 

In general, I want to make sure my numbers look accurate here because this deal could swing one way or the other very quickly. 

Thanks in advance for any advice you have!

[AJ Leman]

Hi Kyle,

The numbers look good to me.  You may have overestimated your expenses, but I think that is probably a good thing.  Even with your conservative analysis, you are still cash flowing.  

I guess just pay attention to the intangibles: current tenants, location, class of property, etc.

Seller financing would be nice, but with him living there it makes the situation a little more precarious.  Obviously, get a good attorney to help you draft the seller agreement if you go that route.

Otherwise, looks like a nice buy and hold.  Best of luck!