[Calc Review] Help me analyze this Duplex in Everett WA

[Amine N.]

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

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Originally posted by @Amine N.:

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

FYI - this is not a legal duplex. That aside, I own a few dozen units within a mile radius of this property (most built pre-1912)and here is what I can tell you about your analysis:

- Rents are decent 

- Vacancy is way too high-at those rents. 5% is adequate 

- Garbage could be $30/mo

- Water and sewer $120/mo

- Insurance could be as low as $50/mo depending on coverage

- We average 7% per year on capex and repairs (14% total) on these older buildings 

It is going to be hard to cash flow a duplex in Everett in this market especially using tips from BiggerPockets. Make experience has shown me in order to make it work you have to self manage and get aggressive with expenses like cutting insurance, landscaping and repairs.

I would recommend going to a fourplex in order to get some decent cashflow