duplex deal - need opinions on these numbers

[Brian Karlow]

Good morning! I'm looking to bounce the numbers off the members on a deal I am close to having under contract in the northwest suburbs of Chicago. "A" location with a "C" property ( in it's current condition). These are the quick numbers so here we go:

Acquisition                                     Rental Projection

                                                       INCOME MONTH

Purchase price - $133k                  gross rents monthly- $1,100 x 2 = $2,200

Closing - $3k                                  EXPENSES MONTH

Repairs - $50k                                Taxes - $660

All in = $186,000                            Insurance - $50

ARV = $200k                                  Cap Ex - $110

                                                        Vacancy - $110

                                                        Repairs - $110                                

                                   Expenses less debt service = $1,040

                                      FINANCING

30yr term 5% = $100k P/I = $535

All feed back is really appreciated and welcomed!!  Thanks for everyone's time. Have a great day.

Brian