Updated over 4 years ago on . Most recent reply
Is this a good Deal?
Hi, I am currently in the market for a duplex that I have plans to live in. I ran the numbers and am looking for some feedback on if this is a property that I should "pull the trigger on" so to speak. Any feedback I would appreciate.
Here's the details:
This is a Duplex 2 bed 1 bath
Monthly Income: 2,000
Monthly Expenses:1310.00
Monthly Cash Flow:689.00
Pro Forma Cap Rate:8.53%
NOI Total: 17052.00
Cash Needed: 28,327
Cash on Cash ROI Purchase 29.19%
Cap Rate 9.48%
Property Information
Purchase Price: $179,900.00
Purchase Closing Costs: $3,559.00
Estimated Repair Costs: $15,000.00
Total Cost of Project: $198,459.00
After Repair Value $200,000.00
Down Payment: $6,296.50
Loan Amount: $173,603.50
Loan Points: 2.0
Loan Fees: $3,472.07
Amortized Over: 30 years
Loan Interest Rate: 3.000%
Monthly P&I: $731.92
*This link comes directly from our calculators, based on information input by the member who posted.