Would you do this duplex deal in South Florida ?

3 Replies

@Adam Harper

Purchase price 340k

Net monthly income $11000

After capex, vacancy, repairs, management (which is $360 which I might not use), total monthly cash flow is $398.45.

Would you do it??

@Adam Harper You need to redo your post and numbers.  Also, what specific area?  Some will have extremely low cap rates, due to appreciation anticipation ;Boca)....others shaky areas will have little appreciation potential.  I assume this is a desirable area with the price.

The one-stop-shop for REI
Find Local Home Improvement Pros!
Check out our network of trusted, local contractors for all of your home improvement projects.
Find a Contractor

@Wayne Brooks thank you. The neighborhood is Knowles Court Add.

Do you know the neighborhood?