2 unit in Bristol RI purchase price 165k rent 900 conservative

[Alexander Zurn]

Hello, I have found an opportunity to purchase a multi family (2unit) property in Bristol, Rhode Island for under 170. Conservative rents 900 potential for 1200, numbers based on 900. This would be owner occupied for a year then move out. Does not need much in terms of work right now, just small do it yourself projects.

I just want to see if the numbers work. I have posted opportunities that I was wrong on so just trying to get better and always accept the criticism! Let me know your thoughts! 

Here's what I have

Purchase price: $165,000

• Down payment: $5,775 3.5%
• DownPayment Assistance/Grad Grant: $ 5,775
• Real down payment: $0
• Monthly income: $1800 (after I move out)
• Yearly income: $21,600
• Operating expenses using the "50% rule": ($10,800)
• this would include taxes, insurance, PMI. Taxes this year were $2,549
• Yearly mortgage pmts (main mortgage): ($9,012.12) $751.01 per month
• (159,225 loan for 30 years at 3.9%)
• Yearly free cash flow: 1,787.88

Terms: Rhode Island, providence, multi family