Help me analyze this duplex

[Tehseen Baweja]

All,

As I embark on my journey to learn about REI, I was wondering if you guys can help me analyze some numbers. I am NOT planning to go forward with any deal right now but want to analyze as many as possible to learn. How would this deal be for a Buy and Hold?

The property is listed

LP: $219,000

• Rental Value: $2,000/month (Seller claims $1,000 from unit 1 and $1,195 from unit too, but I am beign conservative)
• Tax: $375/month [$4500/12; ($4,076 estimate according to dallas county, ), I am rounding up)
• Insurance: $170 (Going with Seller's numbers for now)
• Principal+ Interest: $900 (Based on 4.5%, 30 yr and 20% down)
• Warranty: $50/month
• Vacancy: $160 (Assumed at 8%)
• Misc: $100

Cash Flow: $2,000 - $1,755 = $245

If the total investment is $46,000 (20% down + some closing costs), then Net Return is 5.3%?

Assumptions:

• Sellers numbers are accurate (I know a lot of due diligence would be required if I was actually jumping into the deal)
• No significant fixing/renovation is needed

Will appreciate any feedback!