Great Deal Alert $499,000 - Duplex
Here’s another one that will work because it is ‘flying under the radar’ and thus will not have the bidding war it deserves. Why, you ask? Because…
a) It will be delivered vacant, which means one can get current market rents, (and this fact is not clear in the remarks on the property)!
b) It is showing projected rents of $1600/mo when, in actual fact, it will fetch at least $1800/mo.
It is up on a hill, secluded, views, nice little yard area for both units, they are nice inside, and there is parking. Great for an owner/user i.e. live in one and rent the other and only be out of pocket about $800/mo. Or, rent them both out and make about $900/mo income, which would be about 9% cash on cash return on a property that is in an amazingly upside location.