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 217 Dunham Street, Unit 23, Southington, CT 06489 (MLS # 170237498)
    15
    3 beds,  2 full baths
    1,152 sqft   lot 12,196 sqft
    MLS 170237498
  2. Photo of 91 Sharon Drive, Wallingford, CT 06492 (MLS # 170237437)
    17
    3 beds,  2 full baths
    1,132 sqft   lot 19,602 sqft
    MLS 170237437
  3. Photo of 28 Hoop Pole Hill Road, Chester, CT 06412 (MLS # 170237424)
    38
    4 beds,  3 full, 1 half baths
    3,396 sqft   lot 2.01 ac
    MLS 170237424
  4. Photo of 25 Cove View Road, New London, CT 06320 (MLS # 170237157)
    40
    4 beds,  2 full baths
    1,896 sqft   lot 16,117 sqft
    MLS 170237157
  5. Photo of 31 Chestnut Hill Road, Simsbury, CT 06092 (MLS # 170236929)
    35
    5 beds,  3 full baths
    2,587 sqft   lot 31,798 sqft
    MLS 170236929
  6. Photo of 40 Lakeview Drive, Stamford, CT 06905 (MLS # 170236655)
    38
    4 beds,  3 full baths
    2,019 sqft   lot 24,829 sqft
    MLS 170236655
  7. Photo of 38 Grandview Street, Manchester, CT 06040 (MLS # 170236346)
    40
    3 beds,  1 full bath
    1,188 sqft   lot 6,969 sqft
    MLS 170236346
  8. Photo of 195 Melinda Lane, Bristol, CT 06010 (MLS # 170235566)
    2
    5 beds,  3 full, 1 half baths
    2,328 sqft   lot 25,264 sqft
    MLS 170235566
  9. 2 beds,  2 full baths
    1,836 sqft   lot 26,136 sqft
    MLS 170235342
  10. Photo of 36 Woodhenge Drive, Tolland, CT 06084 (MLS # 170234645)
    40
    3 beds,  2 full, 2 half baths
    3,542 sqft   lot 1.30 ac
    MLS 170234645
  11. Photo of 196 Overlook Road, Glastonbury, CT 06033 (MLS # 170234031)
    39
    3 beds,  2 full, 1 half baths
    3,028 sqft   lot 1.61 ac
    MLS 170234031
  12. Photo of 309 South Street, Brooklyn, CT 06234 (MLS # 170234012)
    29
    4 beds,  1 full bath
    1,724 sqft   lot 33,105 sqft
    MLS 170234012
  13. Photo of 333 South Main Street, Manchester, CT 06040 (MLS # 170234010)
    40
    4 beds,  3 full baths
    2,550 sqft   lot 1.09 ac
    MLS 170234010
  14. Photo of 230 Ring Drive, Groton, CT 06340 (MLS # 170233850)
    34
    2 beds,  2 full baths
    2,104 sqft   lot 12,632 sqft
    MLS 170233850
  15. Photo of 103 Dean Road, East Lyme, CT 06333 (MLS # 170233322)
    26
    Open House
    3 beds,  2 full, 1 half baths
    1,914 sqft   lot 1.39 ac
    MLS 170233322
  16. Photo of 133 Fenwick Street, Unit 2, West Haven, CT 06516 (MLS # 170237727)
    7
    4 beds,  2 full baths
    1,338 sqft   lot 5,662 sqft
    MLS 170237727
  17. Photo of 9 Mohawk Avenue, Derby, CT 06418 (MLS # 170237720)
    14
    2 beds,  1 full bath
    2,894 sqft   lot 10,018 sqft
    MLS 170237720
  18. 1 bed,  1 full bath
    600 sqft  
    MLS 170236826
  19. Photo of 43 Etzel Drive, Durham, CT 06422 (MLS # 170237682)
    40
    3 beds,  2 full, 1 half baths
    2,414 sqft   lot 1.02 ac
    MLS 170237682
  20. Photo of 245 Colonial Avenue, Unit 18B, Waterbury, CT 06704 (MLS # 170237874)
    12
    3 beds,  2 full, 1 half baths
    1,296 sqft  
    MLS 170237874
  21. Photo of 0 Beacon Manor Road, Naugatuck, CT 06770 (MLS # 170236748)
    2
    0 beds,  0 baths
    lot 19,166 sqft
    MLS 170236748
  22. Photo of 44 Pleasant Street, Unit 11, Stamford, CT 06901 (MLS # 170237604)
    21
    3 beds,  1 full, 1 half baths
    1,034 sqft  
    MLS 170237604
  23. Photo of 73 Prospect Street, Naugatuck, CT 06770 (MLS # 170237222)
    5
    3 beds,  1 full bath
    1,000 sqft   lot 10,890 sqft
    MLS 170237222
  24. Photo of 33 Waverly Avenue, Portland, CT 06480 (MLS # 170237875)
    22
    4 beds,  2 full, 1 half baths
    1,740 sqft   lot 27,878 sqft
    MLS 170237875
  25. Photo of 220 Main Street, Unit 2H, New Hartford, CT 06057 (MLS # 170237171)
    39
    2 beds,  1 full, 1 half baths
    1,488 sqft  
    MLS 170237171
  26. Photo of 14 Pinney Street, Unit 15, Ellington, CT 06029 (MLS # 170237871)
    16
    1 bed,  1 full, 1 half baths
    595 sqft  
    MLS 170237871
  27. Photo of 67 Corning Road, Unit 31, Norwich, CT 06360 (MLS # 170232317)
    29
    3 beds,  2 full, 1 half baths
    1,472 sqft  
    MLS 170232317
  28. Photo of 121 Grove Beach South Road, Westbrook, CT 06498 (MLS # 170237870)
    35
    3 beds,  2 full baths
    1,510 sqft   lot 8,712 sqft
    MLS 170237870
  29. Photo of 244 Pierremount Avenue, Unit 244, New Britain, CT 06053 (MLS # 170237675)
    9
    2 beds,  1 full bath
    966 sqft  
    MLS 170237675
  30. Photo of 25 Sunnyview Drive, Vernon, CT 06066 (MLS # 170237862)
    33
    4 beds,  2 full, 1 half baths
    1,694 sqft   lot 16,988 sqft
    MLS 170237862
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