Tuesday, January 20, 2009

Bank Owned Duplex San Jose

The following financial analysis is of a duplex that I previewed today. The numbers make good sense.

$399,000 list price for two 2-bedroom, 1 bath units in decent shape.
Assuming a purchase price of $380,000
Down payment of $76,000
1st loan of $304,000
payments at 5.25% = $1,450
Insurance, taxes and utilities = $550
Rent at $1,200 per month per unit
$400 monthly cash flow

Not a bad little investment at all!

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