Should this be my 1st deal or keep walking?

[Mo Muigai]

I'm just starting out and came across this. Low maintainance duplex listed for $295k (3bed 2bath each unit), principle & interests $1682, taxes $249, home insurance $104, HOA $240. Landlord pays for utilities (water gas and electricity). Each unit rents for $1450 and $1400- both rarely vacant. Is this good or bad? Starting out not sure about anything at this point.

Ask as much and give suggestions as you please. Open to suggestions.

[Michael Stutelberg]

How much is Water, Gas, electricity and garbage? You have $575 left (2850-1682-249-104-240) by my math to pay for these and set aside money for maintenance, cap ex, and vacancy. What ever is left will be your cash flow/month. If cap ex, maintenance, and vacancy are each at 5% that would be a total of $427.5. You will probably be negative cash flow or break even (at best) with this property. If you are able to get the tenants to pay for electricity, water and gas and/or get it at a significantly lower price, that will go along way to being a better deal with a positive cash flow.