Owner Occupied duplex - Deal breakdown

[Tim Puffer]

Ok guys. I'm looking at this duplex that is a homepath property to owner occupy for the first year. Each unit is a 2/1, approx. 1,000 sq ft, has separate full basements and 1 car garage, built in 1976. Each unit needs new paint, flooring, kitchen hardware, appliances. Furnaces are a bit older. Roof is in good shape. Some windows are older, but serviceable at the moment.

Loan would be 5% down at 5% interest rate(won't be that high, but using to be safe)

This is all calculated for when it is fully tenant occupied - 

List price $112,000

Monthly rent - $1,600 (can probably get more, but want to be somewhat conservative)

Total operating expenses: $833.42

Mortgage expenses:

$571.18

Vacancy:	$80.00	Repairs:	$112.00
CapEx:	$112.00	Garbage:	$40.00
Insurance:	$80.00	Management:	$80.00
P&I:	$571.18	Property Taxes:	$289.42
Misc:	$40.00

Cashflow would be right around $200 per month.

What do you guys think?!