Updated over 5 years ago on . Most recent reply
Opinions on this deal from your prospective
I recently spoke with an investor who just closed on a property. I’d like you to rate this deal and to know your thoughts on the deal as a whole compared to YOUR local market. Property was vacant at time of purchase.
The is the info I have on the deal.
Duplex- $300k
Property Tax- $7,500
FHA loan 3.5% down with a full seller assist
Interest Rate-2.99%
Each unit was last rented at $1,300 but could be increased to $1,500 with updates and repairs.
Estimated total repair costs- $25-30k
Estimated cash flow about $1,000 per month