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Should I make this investment ?

I bought my first duplex 3 years ago, and currently it cash flows $650 monthly or 8% CoC, which I am happy with. This is a B+ neighborhood so good tenants, town, and you can likely expect good appreciation.

Anyway, there might be an opportunity to buy the duplex right next to me, this one side by side too, for $485k. Was built around the 80s and is in very good shape, not much renovation is needed. Both units are currently rented for $2,000 with long-term tenants but market can go around $2,200-2,300 per unit. Taxes are around $7k annually and insurance might be around $1,700 annually.

I have around $100k saved and if I put around $50k down, cash on cash return comes pretty low, sub 4-5%, but I’m tempted because it’s good neighborhood and good opportunity to have both investments right next to each other.

Thoughts ?

submitted by /u/no-look-passing
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source https://www.reddit.com/r/RealEstate/comments/1ryarzz/should_i_make_this_investment/
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