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 312 Branford Street, Hartford, CT 06112 (MLS # 170349783)
    17
    3 beds,  1 full, 1 half baths
    1,248 sqft   lot 9,147 sqft
    MLS 170349783
  2. Photo of 34 Whisconier Village, Unit 34, Brookfield, CT 06804 (MLS # 170349758)
    15
    2 beds,  1 full, 1 half baths
    1,570 sqft  
    MLS 170349758
  3. Photo of 118 Emerson Drive, Stratford, CT 06614 (MLS # 170349407)
    40
    4 beds,  2 full, 1 half baths
    2,314 sqft   lot 11,325 sqft
    MLS 170349407
  4. Photo of 5 Westview Drive, Canton, CT 06019 (MLS # 170348199)
    26
    4 beds,  3 full, 2 half baths
    3,314 sqft   lot 1.46 ac
    MLS 170348199
  5. Photo of 316 Pine Hill Road, Sterling, CT 06377 (MLS # 170343780)
    40
    4 beds,  3 full, 1 half baths
    4,525 sqft   lot 2.03 ac
    MLS 170343780
  6. Photo of 27 Quentin Street, Waterbury, CT 06706 (MLS # 170343025)
    39
    3 beds,  1 full, 1 half baths
    1,132 sqft   lot 16,988 sqft
    MLS 170343025
  7. Photo of 11 Starr Place, East Hampton, CT 06424 (MLS # 170348253)
    29
    2 beds,  1 full bath
    2,018 sqft   lot 2.66 ac
    MLS 170348253
  8. Photo of 5 Mystic Court, Avon, CT 06001 (MLS # 170349695)
    40
    2 beds,  1 full, 1 half baths
    1,200 sqft  
    MLS 170349695
  9. Photo of 1227 Brookside Court, Unit 1227, Newtown, CT 06470 (MLS # 170348662)
    22
    2 beds,  2 full baths
    1,483 sqft  
    MLS 170348662
  10. Photo of 54 Winding Lane, Norwalk, CT 06851 (MLS # 170349914)
    19
    3 beds,  2 full, 1 half baths
    1,293 sqft   lot 31,798 sqft
    MLS 170349914
  11. Photo of 58s Kent Road, Wilton, CT 06897 (MLS # 170349913)
    21
    4 beds,  2 full, 1 half baths
    3,004 sqft   lot 1.13 ac
    MLS 170349913
  12. Photo of 58 Kent Road, Wilton, CT 06897 (MLS # 170335272)
    21
    4 beds,  2 full, 1 half baths
    3,004 sqft   lot 1.13 ac
    MLS 170335272
  13. Photo of 127 Bridge Street, Middletown, CT 06457 (MLS # 170349906)
    26
    Open House
    3 beds,  2 full baths
    960 sqft   lot 4,356 sqft
    MLS 170349906
  14. Photo of 334 Ballfall Road, Middletown, CT 06457 (MLS # 170349905)
    37
    3 beds,  2 full, 1 half baths
    2,259 sqft   lot 15,246 sqft
    MLS 170349905
  15. Photo of 355 Elm Street, Monroe, CT 06468 (MLS # 170317865)
    28
    3 beds,  2 full baths
    4,456 sqft   lot 43,560 sqft
    MLS 170317865
  16. Photo of 31 Tryon Farm Road, Unit 31, Glastonbury, CT 06073 (MLS # 170349907)
    27
    3 beds,  3 full, 1 half baths
    3,205 sqft  
    MLS 170349907
  17. Photo of 499 Wolf Den Road, Brooklyn, CT 06234 (MLS # 170341543)
    40
    4 beds,  1 full, 1 half baths
    2,560 sqft   lot 588.00 ac
    MLS 170341543
  18. Photo of 31 Tryon Farm Road, Unit 31, Glastonbury, CT 06073 (MLS # 170349891)
    40
    3 beds,  3 full, 1 half baths
    3,205 sqft  
    MLS 170349891
  19. Photo of 26 Riverview Court, Unit 26, Brookfield, CT 06804 (MLS # 170339893)
    39
    3 beds,  3 full baths
    1,551 sqft  
    MLS 170339893
  20. Photo of 10 Donna Drive, Burlington, CT 06013 (MLS # 170349904)
    25
    4 beds,  2 full, 1 half baths
    3,330 sqft   lot 3.06 ac
    MLS 170349904
  21. Photo of 2 Forest Glen Circle, Unit 13, Middletown, CT 06457 (MLS # 170349901)
    34
    2 beds,  1 full bath
    930 sqft  
    MLS 170349901
  22. Photo of 115 Cone Road, Andover, CT 06232 (MLS # 170349658)
    19
    3 beds,  2 full, 1 half baths
    1,350 sqft   lot 8.78 ac
    MLS 170349658
  23. Photo of 27 Old S Cove Road, Old Saybrook, CT 06475 (MLS # 170348135)
    38
    3 beds,  2 full, 1 half baths
    2,396 sqft   lot 9,583 sqft
    MLS 170348135
  24. Photo of 229 Bacon Pond Road, Unit 443, Woodbury, CT 06798 (MLS # 170348597)
    36
    2 beds,  1 full bath
    913 sqft  
    MLS 170348597
  25. Photo of 185 Shell Street, Bridgeport, CT 06605 (MLS # 170349576)
    20
    3 beds,  1 full, 1 half baths
    1,200 sqft   lot 2,613 sqft
    MLS 170349576
  26. Photo of 38 Seacrest Road, Old Saybrook, CT 06475 (MLS # 170347467)
    32
    2 beds,  1 full, 1 half baths
    1,457 sqft   lot 8,712 sqft
    MLS 170347467
  27. Photo of 22 Robin Street, Bristol, CT 06010 (MLS # 170349852)
    38
    4 beds,  2 full, 1 half baths
    1,954 sqft   lot 10,454 sqft
    MLS 170349852
  28. Photo of 120 Dogwood Lane, Meriden, CT 06450 (MLS # 170349899)
    27
    3 beds,  2 full baths
    1,520 sqft   lot 11,325 sqft
    MLS 170349899
  29. Photo of 11 Kingsbury Road, Norwalk, CT 06851 (MLS # 170348972)
    23
    3 beds,  1 full, 1 half baths
    1,204 sqft   lot 12,632 sqft
    MLS 170348972
  30. Photo of 355 Elm Street, Monroe, CT 06468 (MLS # 170318121)
    28
    6 beds,  5 full baths
    4,456 sqft   lot 43,560 sqft
    MLS 170318121
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