My First deal

[Anu Pan]

Here is a deal we are making in the California Central Valley area:

Purchase price: $152,250 

Property type: 2 units (2 Bedroom/1 Bath Each) Built in 1958.

Rate: 30% down @ 3.75% (5-year fixed) 

Rent:$1300 p.m.

Vacancy: 10% of the rent

Repair: 10% of the rent

Property Taxes: 1.25% annual

Analysis based on Gives me about 9.4% cash on cash return. I know I am under the 1% rule so that's not ideal. Other thoughts?