This is my first Duplex deal is it a good one?
Hello happy Saturday, so I'm newbie to Real Estate investing. I'm currently in the process of buying my first deal it's a Duplex here is some details. Price is $250,000 one side has 2 bed 1 bath and other side has 3 bed 1 bath. The Duplex is currently has both sides being rented for $800 each bringing in $1600 each month. My mortgage payment will be around $1,100. I know I can probably raise the price of the 3 bedroom side at least another $100. Please any Advice.. is this deal good.? I'm located in California
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A few miles from downtown tells me nothing. It could be a fantastic deal with under market rents or it could be terrible. Six blocks can be a $100k swing in many parts of Sacramento.