Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
7y
@Matthew Anderson, as an investment I don't see this working. Your vacancy is very low. Repairs and CapEx should be closer to 15% combined (I understand this was just renovated a few years ago, but you're planning for averages over a long-term hold). You haven't factored in Management (10%), lawn care, snow removal.
Where did you get the P&I of $776? A $229k loan at 4% works out to be ~$1100/month.
How do you plan to do a 0% down loan? VA? If so, you need to live there, which will cut your income in half.
As a general rule, I find that duplexes rarely pencil out.