Purchase price on a Duplex in Grand Rapids

[Frank Boenzi]

Just curious as to what everyone would think a good purchase price on this duplex would be as an investor and based off the numbers you run? I have in my head what a good purchase price would be want to get other opinions. 

Duplex is 2/1 on each side. Both units completely renovated. 

Has one furnace for both units (4 years old) 

Two water heaters (4 years old)

New layer of shingles on the roof (second layer) 

Each unit will generate $900-$1000 in rent. 

Within a mile and half from downtown Grand Rapids.  Below is a picture of what the market here is currently doing. 

What would your purchase price be on this turnkey duplex?

Thanks! 

[Tim Herman]

@Frank Boenzi using the 1% rule gross rents divided by 1%= Maximum purchase price. $2000/.01=$200000