ilmscore | Would YOU Pay $675K for This Duplex?

Would YOU Pay $675K for This Duplex?

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
Each unit of the duplex property is predicted to rent towards the lower half of the $1,000-$2,000 range for comparable units in Denver, likely closer to $1,000, due to its dated condition.
"Some two bed, one baths are going to get $2,000 in Denver. Some are going to get 1,000. And so mentally as we're going through this, we're just thinking you're probably at this point, we've seen two rooms, but you're trending towards the lower half of that range."
Real Estate Rental Income
Pending
The property's existing deferred maintenance will result in future repair expenses for the buyer.
"there might be a lot more deferred maintenance. It's going to cost you in terms of repairs down the road."
Property Investment
Pending
The property's dated kitchen will lead to increased difficulty in finding tenants.
"You might have a little harder time renting it."
Rental Property
Pending
Investors should account for a higher vacancy rate when evaluating properties that are not well-maintained or updated.
"just calculate a little higher vacancy on places that aren't as put together."
Rental Property Investment
Pending
The property's rental income is expected to be in the lower half of the potential market range (e.g., closer to $1,000 than $2,000 for a 2-bed, 1-bath in Denver).
"you're trending towards the lower half of that range."
Rental Income
Pending