- Joined
- Sep 14, 2016
- Messages
- 42
Hey everyone - I have a line on a full duplex going up for sale in Kelowna BC. Since the market has changed so dramatically here in just the past 6-12 months, I am curious how you come up with an accurate value on something with limited recent comps.
My experience thus far has been single family bi-levels and I know that market fairly well - but new to duplexes.
Unit is 750K and is currently rented at $2200 a side. After taxes/insurance/payment it will net $1400 a month or $700 a side. Fairly good returns.
So when buying do you just base it strictly off the cash flow per month or what?
Thanks for any info you may have
My experience thus far has been single family bi-levels and I know that market fairly well - but new to duplexes.
Unit is 750K and is currently rented at $2200 a side. After taxes/insurance/payment it will net $1400 a month or $700 a side. Fairly good returns.
So when buying do you just base it strictly off the cash flow per month or what?
Thanks for any info you may have