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. 3 beds,  1 full, 1 half baths
    1,376 sqft   lot 12,196 sqft
    MLS 170253338
  2. 0 beds,  0 baths
    lot 16.66 ac
    MLS 170253894
  3. Photo of 18 Abbott Avenue, Ridgefield, CT 06877 (MLS # 170253451)
    23
    2 beds,  1 full bath
    1,139 sqft   lot 5,662 sqft
    MLS 170253451
  4. Photo of 18 Abbott Avenue, Unit RENT, Ridgefield, CT 06877 (MLS # 170253453)
    23
    2 beds,  1 full bath
    1,139 sqft   lot 5,662 sqft
    MLS 170253453
  5. Photo of 10 3rd Avenue, Haddam, CT 06441 (MLS # 170233213)
    17
    3 beds,  1 full, 1 half baths
    1,402 sqft   lot 10,018 sqft
    MLS 170233213
  6. Photo of 200 Brook Street, South Windsor, CT 06074 (MLS # 170253659)
    15
    3 beds,  1 full bath
    1,208 sqft   lot 26,571 sqft
    MLS 170253659
  7. Photo of 107 Mattabassett Street, Berlin, CT 06023 (MLS # 170253089)
    22
    Open House
    2 beds,  1 full bath
    1,026 sqft   lot 15,681 sqft
    MLS 170253089
  8. Photo of 208 Route 164, Preston, CT 06365 (MLS # 170252830)
    10
    2 beds,  1 full, 1 half baths
    1,248 sqft   lot 2.40 ac
    MLS 170252830
  9. Photo of 9 Mains Way, Preston, CT 06365 (MLS # 170252213)
    24
    4 beds,  2 full, 1 half baths
    3,244 sqft   lot 1.38 ac
    MLS 170252213
  10. 3 beds,  1 full bath
    1,404 sqft   lot 2.00 ac
    MLS 170250737
  11. Photo of 144 Ogden Street, Bridgeport, CT 06608 (MLS # 170253941)
    4
    0 beds,  0 baths
    lot 4,791 sqft
    MLS 170253941
  12. Photo of 208 Markham Street, Middletown, CT 06457 (MLS # 170253938)
    40
    3 beds,  2 full baths
    1,188 sqft   lot 7,840 sqft
    MLS 170253938
  13. Photo of 45 Metcalf Road, Tolland, CT 06084 (MLS # 170253673)
    21
    3 beds,  1 full bath
    1,152 sqft   lot 22,215 sqft
    MLS 170253673
  14. Photo of 77 Truman Street, New London, CT 06320 (MLS # 170253766)
    12
    4,730 sqft   lot 4,356 sqft
    MLS 170253766
  15. Photo of 83 William Street, Shelton, CT 06484 (MLS # 170253120)
    22
    3 beds,  2 full baths
    3,264 sqft   lot 12,196 sqft
    MLS 170253120
  16. Photo of 114 South Main Street, Seymour, CT 06483 (MLS # 170253939)
    9
    1,845 sqft   lot 26,571 sqft
    MLS 170253939
  17. 0 beds,  0 baths
    lot 1.67 ac
    MLS 170253937
  18. Photo of 351 Country Club Road, Avon, CT 06001 (MLS # 170253858)
    28
    4 beds,  2 full baths
    2,001 sqft   lot 36,590 sqft
    MLS 170253858
  19. Photo of 201 Fairview Avenue, Hamden, CT 06514 (MLS # 170253423)
    21
    4 beds,  2 full baths
    1,700 sqft   lot 10,454 sqft
    MLS 170253423
  20. Photo of 83 Harvest Lane, Milford, CT 06461 (MLS # 170253689)
    14
    3 beds,  2 full, 1 half baths
    2,484 sqft   lot 16,988 sqft
    MLS 170253689
  21. Photo of 151-R West Road, Winchester, CT 06098 (MLS # 170253931)
    40
    Open House
    4 beds,  2 full baths
    1,700 sqft   lot 6.00 ac
    MLS 170253931
  22. Photo of 56 Elm Street, Unit 30, Enfield, CT 06082 (MLS # 170253924)
    15
    2 beds,  1 full bath
    1,253 sqft  
    MLS 170253924
  23. Photo of 365 Mather Street, Unit 63, Hamden, CT 06514 (MLS # 170253352)
    15
    1 bed,  1 full bath
    800 sqft  
    MLS 170253352
  24. Photo of 1 Applewood Lane, Unit 1, Avon, CT 06001 (MLS # 170247639)
    12
    3 beds,  2 full, 1 half baths
    1,769 sqft  
    MLS 170247639
  25. Photo of 560 Norman Street, Bridgeport, CT 06605 (MLS # 170253929)
    5
    0 beds,  0 baths
    lot 2,613 sqft
    MLS 170253929
  26. Photo of 14 Coolidge Street, New Britain, CT 06052 (MLS # 170253914)
    25
    5 beds,  1 full, 1 half baths
    2,271 sqft   lot 10,454 sqft
    MLS 170253914
  27. 2 beds,  1 full, 1 half baths
    1,000 sqft  
    MLS 170253783
  28. Photo of 210 Cedar Hollow Drive, Unit 210, Rocky Hill, CT 06067 (MLS # 170245517)
    33
    2 beds,  2 full, 1 half baths
    1,570 sqft  
    MLS 170245517
  29. Photo of 738 Platt Street, Bridgeport, CT 06606 (MLS # 170253816)
    11
    5 beds,  2 full baths
    2,126 sqft   lot 8,276 sqft
    MLS 170253816
  30. Photo of 10 Diamond Hill Road, Redding, CT 06896 (MLS # 170253530)
    37
    3 beds,  2 full baths
    2,306 sqft   lot 2.28 ac
    MLS 170253530
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