I’m currently looking at a deal and would like to know

[Alex Diaz]

Hello I’m currently looking at a deal and would like to know what some of you think it’s a Single family home divided into 2 units with total rents of $2600 in a neighborhood I would consider  A- / B+ . There is numerous houses in the neighborhood and near the neighborhood selling for over $500K including the one right next to it that sold for $850K due to smaller houses being replaced with big newer ones. Purchase price is $283K, I do believe I can raise rents a few hundred dollars if updating is done. I am currently looking at 20% down with a 5.225% interest rate on a 30yr fixed rate since I am not eligible to go conventional or fha due to my employment history. All together I’m looking at 6K at closing + 20% down payment, and a 5% prepayment fee if I want to cashout refinance before 5 years, just wanted to get some thoughts on what more seasoned investors think given that this is my first deal. Thanks I’m advanced