duplex what do you think?

[Andy N.]

What do you all think of this deal. What would be your questions or concerns? Thanks for any input.

I have found a duplex. Its 2 bed 1 bath each side. 1,400 sf total. It rents for $425 a side and both sides are currently rented. For the area the rent is to cheap. I feel like it should get 450-475 easy enough. Asking price is $60,000.

Rent $850
Tax/ins $125
Pmt-$459.00(thats financing 60@ 4.5%fixed for 5 years on a 15 yr note)
Profit $266

Here are the variables-I think i could get it for 52-55K. I could also put 10-20% down if i need to. Which would bring the payments down and I really feel that as a side came open I could rent for $475.00

Thanks in advance for your opinions!