Duplex Deal | Ft. Leonard Wood, MO | What's your opinion?

[Justin Blue]

Good evening all,

I have honestly been wrapped up in BP for the last week after finally deciding on to aggressively seek my first deal. While looking for deals back home in NC, I figured I would look around in FLW while I'm here for training (Marine Corps). With that being said, please take some time to review the listing below and let me know if the numbers make sense to you as well;

Listing Price: $140,000 ($70k/door)

Rental Income (annually): $18,600($775/door)

Estimated Annual Expenses:

Taxes: $700

Insurance: $1800 (Sitting down with an agent next week to get solid figures on this.)

Mortgage: $11068 (Looking for a 203k FHA loan with 3.5% down at est. 5%)(Additionally a rough est on a mortgage calculator)

Repairs: $1200

CapX: $1200

PM: $1980 (Est. at 10% of monthly rental fee)

Total Expenses: $17,948

I came out with a 13% ROI. ($652)

How does this look to everyone? Am I way off? I look forward to hearing from you all!