Randy Quinn Your Local Real Estate Expert

UGLY 2 Family House Makes 35% Return

How One UGLY 2 Family House Makes A 35% Return

Ugle 2 fam gif

How could there possible be an upside. Let’s take a closer look.

$99,900           Purchase price

24,975           25% down payment investment. (Usually required for investment property)

74,925           Mortgage investment

Here’s the monthly breakdown

Expenses

380.00          Mortgage @ 4 ½%

220.00          Taxes (2,640 yearly)

91.00            Insurance

100.00          Set aside for possible repairs

0                   Self managed. Easy to do with a few tips.

75.00             Vacancy. Allows for 2 weeks for each apartment while one tenant moves out and another moves in. You may or may not have this. I’ve had tenant’s stay for years.

866.00             Total expense

Income

750.00             Rental income 1

850.00             Rental income 2

1,600.00          Total income

- 866.00          Total expense from above

734.00             NOI. Net Operating Income

So, what’s your annual rate of return?

734.00

X 12                 Months

8,808.00          Yearly income.

35%                 Rate of return. (Divide 8,808 yearly income by 24,975 down payment)

ADDED BONUS: It gets even better. With mortgage, taxes and insurance being deductable on your tax return plus taking advantage of depreciation and principal reduction you may even boost your return to over 45%. (Restrictions apply, inquire for info. Returns vary for each individual, use this as an estimate.)

LEARN MORE about this and other properties that can help you to achieve your financial goals:

Get In Touch With Randy Quinn
Call Me: 203.598.0808
Email Me: Randy@QuinnRealEstate.com


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  1. Photo of 6 Pinecrest Drive, Prospect, CT 06712 (MLS # 170321403)
    30
    3 beds,  1 full, 1 half baths
    1,156 sqft   lot 20,037 sqft
    MLS 170321403
  2. Photo of 3 Primrose Lane, Unit 3, Farmington, CT 06032 (MLS # 170318443)
    31
    3 beds,  3 full baths
    1,822 sqft  
    MLS 170318443
  3. Photo of 80 Cartright Street, Unit 7F, Bridgeport, CT 06604 (MLS # 170322536)
    10
    1 bed,  1 full bath
    927 sqft  
    MLS 170322536
  4. Photo of 3 Primrose Lane, Unit 3, Farmington, CT 06032 (MLS # 170318444)
    31
    3 beds,  3 full baths
    1,822 sqft  
    MLS 170318444
  5. Photo of 272 Grahaber Road, Tolland, CT 06084 (MLS # 170323749)
    15
    3 beds,  2 full baths
    1,512 sqft   lot 2.40 ac
    MLS 170323749
  6. Photo of 14 John Smith Drive, West Hartford, CT 06107 (MLS # 170323111)
    36
    3 beds,  2 full, 1 half baths
    1,638 sqft   lot 20,908 sqft
    MLS 170323111
  7. Photo of 123 Putnam Park Road, Bethel, CT 06801 (MLS # 170323103)
    40
    4 beds,  3 full, 1 half baths
    4,871 sqft   lot 6.40 ac
    MLS 170323103
  8. Photo of 29 Elm Court Extension, East Haven, CT 06512 (MLS # 170322809)
    7
    3 beds,  1 full bath
    1,116 sqft   lot 5,662 sqft
    MLS 170322809
  9. Photo of 10 Candlewood Lane, Farmington, CT 06032 (MLS # 170321737)
    40
    4 beds,  3 full, 1 half baths
    3,550 sqft   lot 30,056 sqft
    MLS 170321737
  10. Photo of 1230 Old Town Road, Trumbull, CT 06611 (MLS # 170321608)
    38
    3 beds,  2 full baths
    1,601 sqft   lot 23,958 sqft
    MLS 170321608
  11. 3 beds,  2 full, 1 half baths
    1,620 sqft   lot 13,503 sqft
    MLS 170321559
  12. Photo of 112 Coppermill Road, Wethersfield, CT 06109 (MLS # 170321168)
    40
    4 beds,  2 full, 2 half baths
    2,656 sqft   lot 19,602 sqft
    MLS 170321168
  13. Photo of 58 Canterbury Lane, Milford, CT 06460 (MLS # 170320804)
    26
    4 beds,  2 full baths
    1,555 sqft   lot 9,583 sqft
    MLS 170320804
  14. Photo of 67 Farmstead Lane, Torrington, CT 06790 (MLS # 170320627)
    13
    3 beds,  2 full, 1 half baths
    1,600 sqft   lot 20,908 sqft
    MLS 170320627
  15. Photo of 104 Sequin Street, Hartford, CT 06106 (MLS # 170312224)
    36
    4 beds,  2 full baths
    1,436 sqft   lot 5,227 sqft
    MLS 170312224
  16. Photo of 802 Woodland Hills Drive, Unit 802, Trumbull, CT 06611 (MLS # 170323401)
    33
    2 beds,  2 full, 1 half baths
    1,660 sqft  
    MLS 170323401
  17. Photo of 15 Scuppo Road, Unit 401, Danbury, CT 06811 (MLS # 170322893)
    22
    2 beds,  2 full, 1 half baths
    2,150 sqft  
    MLS 170322893
  18. Photo of 54 Rope Ferry Road, Unit E90, Waterford, CT 06385 (MLS # 170319666)
    27
    1 bed,  1 full bath
    1,080 sqft  
    MLS 170319666
  19. Photo of 100 Northampton Lane, Unit 36, Plainville, CT 06062 (MLS # 170312894)
    34
    2 beds,  2 full, 1 half baths
    1,360 sqft  
    MLS 170312894
  20. Photo of 35-37 Wooding Street, Bristol, CT 06010 (MLS # 170321426)
    3
    5 beds,  2 full baths
    2,364 sqft   lot 8,276 sqft
    MLS 170321426
  21. Photo of 1283 Hope Street, Unit 1, Stamford, CT 06907 (MLS # 170315095)
    20
    2 beds,  1 full bath
    990 sqft  
    MLS 170315095
  22. Photo of 240 Fowler Avenue, Middletown, CT 06457 (MLS # 170323473)
    38
    4 beds,  1 full, 1 half baths
    1,478 sqft   lot 6,969 sqft
    MLS 170323473
  23. Photo of 203 Reaching Hill Road, Winchester, CT 06098 (MLS # 170323747)
    3
    3 beds,  1 full, 1 half baths
    1,175 sqft   lot 2.86 ac
    MLS 170323747
  24. Photo of 269 Church Street, Newington, CT 06111 (MLS # 170308212)
    40
    5 beds,  3 full baths
    2,362 sqft   lot 1.35 ac
    MLS 170308212
  25. Photo of 384 West Lane, Ridgefield, CT 06877 (MLS # 170323725)
    34
    6 beds,  5 full, 2 half baths
    7,541 sqft   lot 13.00 ac
    MLS 170323725
  26. Photo of 5 Indian Hill Road, Norwich, CT 06360 (MLS # 170323744)
    11
    4 beds,  2 full, 1 half baths
    3,131 sqft   lot 1.51 ac
    MLS 170323744
  27. 3 beds,  1 full, 1 half baths
    2,052 sqft   lot 2.86 ac
    MLS 170317237
  28. Photo of 118 Ashford, Unit 5 Road, Unit 5, Eastford, CT 06242 (MLS # 170322273)
    29
    2 beds,  2 full baths
    1,220 sqft  
    MLS 170322273
  29. Photo of 81 Hillside Avenue, Winchester, CT 06098 (MLS # 170323737)
    28
    4 beds,  1 full, 1 half baths
    1,627 sqft   lot 5,227 sqft
    MLS 170323737
  30. Photo of 73 Harkness Drive, Milford, CT 06460 (MLS # 170323734)
    18
    3 beds,  2 full baths
    1,757 sqft   lot 9,583 sqft
    MLS 170323734
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