May 2009 Hottest Spokane Duplex Deals Sorted by Estimated Cap Rate
Posted by buygeg on May 7, 2009
Please click the following link to see duplexes for sale in Spokane sorted by estimated cap rate:
Spokane Duplexes for Sale Sorted by Estimated Cap Rate, Prepared by Deepak Malhotra
By using price divided by monthly rent, it becomes easier to find the best deals. The duplexes that are most likely to provide positive cash flow, or at least the best cash flow, and highest cap rates, should be those that are closest to the top of the list. I have also provided you with price per square foot information. This list was generated on May 7, 2009.
To properly compare, please compare gross rent multiple of one duplex with gross rent multiples of other duplexes of similar age, location, and condition, verify that the stated rent is actual (not projected) rent, and please make sure that the landlords are paying similar utilities for each. For example, landlords typically pay water, garbage, and sewer, and typically do not pay for electricity. If a rental unit includes electricity, you have to deduct the cost of that electricity from the rent to properly compare with other properties. Similarly, some areas, such as Medical Lake, have much more expensive water than other areas. You need to factor in the different utility costs of some areas when comparing with others.
To see details of any of these entries, please see the detailed listings by clicking on the following link. The following entries are sorted by price. You will need the price of the listing you are considering to get details when you click below.
All data is from other sources. No warranties are mentioned or implied here. Please hire me next time you are planning to buy or sell investment property in Spokane if you would like to be represented by someone who owns and understands investment property. Clients get a list that is personalized to preferred area, age, or number of units.
Cheney Realty Inc., (509) 235-6191.
