First Time Duplex Deal Analysis, Live in one side and rent other

[Brandon Kalp]

Hi all,

I have found a property went to visit it and have a few questions, any feedback will be greatly appreciated. For the background info: I am looking to buy a duplex live in one side and rent out the other. 

Asking Price: $95,000, I am looking to put 3.5% down (prequalified because I will be living in one side) Listed both sides being 3 Bed 1.5 Bath, after viewing the property 1 side has 3 bed 1.5 bath and other side has 3 bed 2 bath (So that is one of my benefits). One side is currently rented with tenant of 5 years paying $535/Mo. Mortgage, taxes, insurance = $710/ Mo. (After accounting for other expenses: utilities, appliance, extremes I am looking at a total of about $1,020/ Mo.). I know after this I have no profit, but the tenant is paying the majority of my Mortgage, taxes, and insurance. 

Downfalls that I am looking to try to talk the seller into fixing before I would purchase: needs new windows, roof, and large dead oak tree in back yard that needs taken down before it falls. 

I know this is not the best of deals but I am really looking for some feedback, anything is greatly appreciated. Thank You!