What is a good CoC ROI for a passive partner?

[Shawn Stiteler]

Hi BP family!

So I’m looking to put together a deal that I’m working on. Pretty basic here, duplex for sale, price is $149,900, rent total for both sides is $2,200.

PITI is about $890 with a 20% down pay ($29,980).

My goal is to bring in a partner for the down pay, while I manage the property, and they just get to share in the cash flow. However, I have never done a partnership deal before and want it to be fair on both sides. So my question is what is a fair ROI for the silent partner?

$2,200

-35% (10R,10capx,5vac,10PM) -$770

-PITI (principal, interest, taxes, insurance)-$890

Cash flow-$540

/2=$270 (11%)

So is a 11% ROI a good deal all by it self?

Or would they need to share in the equity gain too?

Any advice or basic partnerships lay out would be of great help! Thanks all!