Are Two Single Family Homes a Better Investment Than a Duplex?
A duplex selling for $365,000.00 with each side rented for $1200.00 a month. Purchased with 5% down with a monthly mortgage payment of $1500.00
Two single family homes selling for $135,000.00 each with each home rented for $800.00 a month. 10% down with a monthly mortgage payment of $500.00 for each house.
The duplex is in a better neighborhood(closer to schools and surrounded by single family homes) and is constructed better than the single family homes (better foundation, insulation, nicer interior finishing).
What factors should I consider when making this decision?