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Example: Duplex Property Deal

So the question is, how do you go about purchasing a duplex as an investment property? We're here to help, take a look at the example below. Here's an example of a duplex purchased as an investment property.


Location: St. Louis, Missouri

Listing #80018870
$254,000 (LP)

Listing Detail #80018870 - Multi-Family 2-4

Price/SqFt: 120.27
2005 Maury Ave, St Louis, MO 63110 * Active
Sq Ft: 2112* Lot Sz: 0sqft
Area: 2 Age: 82*

Notes: Winner of the Southwest Garden Property Owners Association, Upscale Development Award. Perfect for an owner occupant or long term investor. Upstairs unit has just been leased at $995 per month. Both units feature Stainless steel appliances,Granite countertops, stack washer/dryers(in the units)and Energy star windows throughout.Property will have 3 car parking in rear installed soon. This one is a must see.

Agent Charles Aschinger
Primary:314-771-7112 Secondary:314-276-1069
Office Investors Alliance Phone: 314-771-7112, FAX: 314-771-6112
Area St. Louis, SW
Subdv/Cmplx Shaws Garden Addn
Approx Square Feet 2112* Price / SqFt 120.27
Lot Sq Ft (approx) 0 Lot Acres (approx) 0.000
County St Louis City
Age 82*
Map Book Wunnenberg Map Coordinates J22, 38
Cross Street
Lic. Asst'g Seller Seller's Agent
Dual Agency No

Building Desc Duplex
Type of Units 2-Family
Construction Brick/Stone Msn Pred
Parking Description Off Street, Open Lot
Lot Dimensions 28X125
Unit 1-# of Rooms #5
Unit 1-# of Bedrooms #2
Unit 1-# Full Baths #1
Unit 1 - Description Dining, Dishwasher, Dryer, Family Room, Refrigerator, Washer
Unit 1-Rent $995
Unit 2-# Eff #5
Unit 2-# of Rooms #2
Unit 2-# of Bedrooms #1
Unit 2 - Description Dining, Dishwasher, Dryer, Family Room, Refrigerator, Washer

Rough Numbers:
Down payment:
Loan amount:
Property tax rate:
Expenses: % of gross earnings
Appreciation:

Loan amount:
Interest rate:
Loan term:
Annual tax:
Annual insurance:

Monthly Principal + Interest:
Monthly tax:
Monthly insurance:
Total monthly payment:

Interest payment per year:
Mortgage payments for the year:
Principal payments for the year:
Per year appreciation growth:

Gross income:
Operating expenses (managing property, landscaping, insurance, property taxes, painting - there are fixed and variable expenses):
Loan payments:
Cash flow =

Link

Notes: The duplex is often the perfect first property purchase for a new investor. Since with a duplex, you can live in one level of the unit and rent out the other, and thus lower your risk, since you're living in the unit and only need to find one tenant.

Keys:

  • Create a legal rental agreement or lease
  • Acquire renters insurance
  • Check to make sure the unit is safe and doesn't have any materials, such as paint that will be dangerous for a tenant
  • Do a background check on your tenant


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