If you were looking for a partner how would this look?

[Dave Jeltema]

I found a duplex listed at 118900 We should be able to pick it up tor 110K The numbers I put together are with a %50 equity partner bringing 40K for the down payment 5 year term interest only @ %8.0. Rents are 669,660 expenses are 2400. Capex %12.33, DCR 2.42, BER %50.13 CLTV %63.64 ROI %19.90 Cash flow $7960.00 I didn't figure in points. If you were a partner looking for a equity position on a passive income purchase what other things would you want to look at. This would be my first deal. I am looking for feedback on how to structure it better.

there is room to raise the rents with some updating.

very stable rental area

unit is well maintained 

each unit it 3/2 with additional finished walk out basement.

each unit has @ stall garage.

I can dive into my strategy more If requested.