Is this a good deal in Schenectady, New york?

[Andrew Bailey]

I am planning on buying a 2 unit house in Rotterdam, Schenectady(new york). Is this a good area to buy rental property? Also is my monthly cost reasonable? 

House price = $109,000

Downpayment = 20% or $21,980

Out of pocket = $29,744

P&I = $472/month

Taxes = $291/mont 

Home Insurance = $125/month 

Water bill = $100/month 

Trash fee = $0

elc / gas = $0

Repairs = $100/month

Maintenance = $100/month 

Property manager = 10% or $185/month

Vacancy = 10% or $137/monty

Total monthly expenses = $1,510.76/month

unit 1 income = $900/month

unit 2 income = $950/month

Total rent income = $1,850 /month

Cashflow = $339.24/month

[David Kiszka]

What Nik said is correct. Only thing I would as is looking into the sewer and plumbing system. I am assuming that this is an older property, many of the are in that area, to make sure there there are no hidden problems that may occur. Also with older properties like these it would be a good idea to keep a higher amount of cash reserves so that you can make the repairs as they come up. 

Feel free to reach out if you have any other questions.