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Today, we’re running the numbers on a duplex rental property deal Jason sent us. This $235,000 duplex in the Cleveland, Ohio, area boasts some impressive rents. If Jason estimates rents correctly, he could have stumbled upon a solid one percent rule investment property (one month’s rent = one percent of the purchase price). This means it SHOULD have higher cash flow, but with today’s interest rates, will it pencil out?
We’re going to do a full analysis of this real estate deal and see if it can help Jason retire in a decade. He wants to start building a cash-flowing real estate portfolio, but will this deal work, or should he search for something that has much more upside? Stick around to find out and submit your deal for Dave to review here: https://docs.google.com/forms/d/e/1FAIpQLScJ6HcyRJGSLyP9_xX528qFQK5GwxNDWarpmjIGMq6HgdZ6nw/viewform
00:00 Deal Details
01:18 Market Research
03:53 Property Photos
05:56 Calculating Cash Flow
09:07 Estimating Rent
10:04 Does This Deal Work?
