2 unit what do you think of numbers?

[Ron S.]

Hello Im considering buying a 2 unit home it is a 2 bedroom full basement and seperate in law quarters above 2 car garage in a good area and both units are in awesome shape. Newer kitchens and baths and flooring. Rehab would be very minor maybe 2k total. back unit is a 1 bedroom and includes the garage both units have own electric and gas meters. home was purchased in 2007 by current owner for 148k and brought up to city code! I can get home for 76k approved short sale. The rent on main home would go for 800 and back apartment 500 for a total monthly rent of 1300. Taxes and insurance would run 3800 annually and 20% down would leave me with a mortgage of 328 for 30yr fixed and 452 for 15yr fixed. so total monthly profit after mortgage taxes insurance would be 656 for 30 yr and 532 with 15yr. Can you please let me know what you think of this deal?? thanks....