Would you do this deal?

[Michael R.]

The property in question is a fully rehabbed duplex in the NW burbs with both units currently rented.  The original asking price on this duplex property was 220k and has now dropped to 174k in the past week. We put in an offer at 145k and they countered at 167k. Assuming he'll meet us at 160, and based on the numbers below would this type of cash flow be enough for you to pull the trigger?

We've also performed an area analysis and everything checks out.  It's quite close to the 12 percent minimum we've been looking to achieve and we'll manage the property for the first 10 years which should bump up the cash flow quite a bit.  Any thoughts or opinions are appreciated.

Kindest Regards,

Michael