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,  2 full, 1 half baths
    1,756 sqft  
    MLS 170267298
  2. Photo of 45 Main Street, Unit 201, Plainfield, CT 06374 (MLS # 170267285)
    14
    2 beds,  1 full, 1 half baths
    1,100 sqft  
    MLS 170267285
  3. 4 beds,  2 full, 1 half baths
    1,662 sqft   lot 9,147 sqft
    MLS 170267292
  4. 3 beds,  2 full baths
    1,814 sqft   lot 2.27 ac
    MLS 170267290
  5. Photo of 370 Flintlock Road, Fairfield, CT 06890 (MLS # 170267287)
    34
    4 beds,  4 full, 1 half baths
    3,220 sqft   lot 24,829 sqft
    MLS 170267287
  6. Photo of 78 Baldwin Farms South, Greenwich, CT 06831 (MLS # 170267282)
    27
    Open House
    5 beds,  4 full, 2 half baths
    5,858 sqft   lot 2.25 ac
    MLS 170267282
  7. 2 beds,  1 full bath
    6,912 sqft   lot 6,534 sqft
    MLS 170267283
  8. Photo of 180 Turn Of River Road, Unit 17A, Stamford, CT 06905 (MLS # 170267288)
    22
    2 beds,  2 full, 1 half baths
    2,493 sqft  
    MLS 170267288
  9. Photo of 145 Canal Street, Unit 118, Shelton, CT 06484 (MLS # 170266965)
    28
    3 beds,  2 full baths
    1,350 sqft  
    MLS 170266965
  10. Photo of 8 Adams Hill Lane, Newtown, CT 06470 (MLS # 170267151)
    40
    4 beds,  2 full, 1 half baths
    3,553 sqft   lot 3.05 ac
    MLS 170267151
  11. Photo of 47 Greer Road, Burlington, CT 06013 (MLS # 170261593)
    40
    Open House
    4 beds,  2 full, 1 half baths
    3,004 sqft   lot 2.76 ac
    MLS 170261593
  12. Photo of 100 Prospect Street, Unit s307, Stamford, CT 06901 (MLS # 170267276)
    18
    2 beds,  1 full bath
    900 sqft   lot 20,908 sqft
    MLS 170267276
  13. Photo of 268 Farmington Avenue, Bristol, CT 06010 (MLS # 170267209)
    31
    4 beds,  2 full baths
    1,342 sqft   lot 7,840 sqft
    MLS 170267209
  14. Photo of 63 Route 32, Franklin, CT 06254 (MLS # 170220333)
    4
    1,050 sqft   lot 1.39 ac
    MLS 170220333
  15. Photo of 1018 Burlington Avenue, Bristol, CT 06010 (MLS # 170267252)
    12
    3 beds,  1 full bath
    1,076 sqft   lot 37,897 sqft
    MLS 170267252
  16. Photo of 13 Croft Court, Stonington, CT 06379 (MLS # 170267097)
    22
    3 beds,  2 full baths
    2,244 sqft   lot 1.05 ac
    MLS 170267097
  17. 5,786 sqft   lot 16,988 sqft
    MLS 170267173
  18. Photo of 153 Pacific Street, Bridgeport, CT 06604 (MLS # 170267269)
    10
    5 beds,  2 full baths
    3,540 sqft   lot 5,227 sqft
    MLS 170267269
  19. Photo of 190 Adley Road, Fairfield, CT 06825 (MLS # 170266643)
    19
    3 beds,  2 full baths
    1,691 sqft   lot 24,829 sqft
    MLS 170266643
  20. Photo of 56 Cheltenham Way, Avon, CT 06001 (MLS # 170229757)
    33
    4 beds,  3 full, 2 half baths
    4,380 sqft   lot 1.24 ac
    MLS 170229757
  21. Photo of 414-424 Pequot Avenue, Groton, CT 06355 (MLS # 170198960)
    31
    4 beds,  1 full bath
    1,027 sqft   lot 27,007 sqft
    MLS 170198960
  22. Photo of 20 Colley Street, Waterbury, CT 06708 (MLS # 170267260)
    2
    4 beds,  4 full baths
    1,250 sqft   lot 3,920 sqft
    MLS 170267260
  23. Photo of 19 Julian Drive, Preston, CT 06365 (MLS # 170266708)
    26
    3 beds,  1 full, 1 half baths
    1,613 sqft   lot 42,253 sqft
    MLS 170266708
  24. 2 beds,  1 full bath
    2,340 sqft   lot 8,276 sqft
    MLS 170267190
  25. Photo of 11 Smiths Point Road, Milford, CT 06460 (MLS # 170267043)
    21
    3 beds,  2 full baths
    1,682 sqft   lot 6,098 sqft
    MLS 170267043
  26. Photo of 141 Hazard Avenue, Unit A, Enfield, CT 06082 (MLS # 170266905)
    4
    2,500 sqft   lot 1.27 ac
    MLS 170266905
  27. 1 bed,  1 full bath
    418 sqft  
    MLS 170267254
  28. Photo of 141 Hazard Avenue, Unit a & B, Enfield, CT 06082 (MLS # 170266903)
    11
    5,881 sqft   lot 1.27 ac
    MLS 170266903
  29. Photo of 1252 Highview Terrace, Cheshire, CT 06410 (MLS # 170267247)
    10
    3 beds,  2 full, 1 half baths
    1,900 sqft   lot 22,651 sqft
    MLS 170267247
  30. Photo of 138 Jones Street, West Haven, CT 06516 (MLS # 170266954)
    24
    3 beds,  1 full bath
    1,096 sqft   lot 7,405 sqft
    MLS 170266954
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