Rate this deal (1) - 1/2 of a duplex

[GetRichODT]

2,000 sq ft

Built in 2008 in Ft Worth, Tx in trendy part of town - land locked


1/2 of a duplex / town home (other half is owned by someone else)

Asking price: $325,000

Currently leased for $2,750 through May 2018

Property Taxes - about $6,500 annually

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[ljean]

If you use the 50% expense rule, you are looking at netting $16,500/yr = 5% cap. Looks like a skunk deal to me.

 

[Vigilante]

Feel free to add this to your other thread. Thread closed.