Currently I own, outright, one side of a 10 year old duplex, which i purchased for $107k about a year ago. My life situation could change in the next year or so and there's a good chance that I will want to move out of here. I bought this property with the intention of buying the other half and renting that out as well but after learning more about RE i'm not sure that it's a GREAT investment.
I'm assuming I could get the other side for approximately $105k from the owner, who is willing to sell. Here are the rest of the numbers, which apply to one side. Both sides are identical.
Current rent: $950/month to a long term tenant
Insurance: $60/month
Taxes: $158/month (can probably be knocked down 10-15% as the appraisal is way too high)
Maintenance: The property is only 10 years old and in my year of living here i've only incurred about $500 in maintenance.
No HOA
I should be able to finance a 30y at 3.5-4.5%
The cash on cash return obviously isn't amazing but are there any advantages to renting both sides such as insurance savings, etc that i'm not considering? Should I buy the other side and rent both out or sell my side and get out?