Possible First Multi-family deal (duplex)

[Matthew Bennett]

I've been passively researching RE investments for a couple years and in 2017 wanted to take the leap. I've only been listening to BP for only about a week now, and this site, forum and podcast is the best resource out there. Just want to say thank you in advance!! I have a potential duplex deal (buy and hold) I'm looking at and the numbers are checking out for me: - Long-term tenants (have been there for a couple years) - Purchase price: $59k - Down payment: 20% - Cash outlay: $14,980 - total rent / month is $1,100 - Total Expenses: $417 - Cap Rate: 21.21% - COC Return: 60.1% What are you all thoughts on this as a first deal? I think this is something I could sink my teeth into and start some momentum to financial freedom! Let me know if you need to know more info to give some better advice / if I'm analyzing this wrong. Thanks!