Numbers work once PMI is removed with only 5% down, good buy?

[Richard Gonzales]

Hey everyone. I'm a newb looking to buy my first multi-family house hack. I've been running the numbers on several in my area and I have a couple of questions. I don't have a lot of capital so I am looking at doing 5% down with a conventional loan. On one of the homes, the numbers will give me the cash flow I want after the PMI is removed with 20% equity. Cash on cash ROI is around 30% due to the low down payment. I will also be managing this first one myself, I was thinking of applying the 10% property management fee I factored in towards the principal of the loan until PMI is removed. Does this seem like sound reasoning for my first investment property? It's a duplex with two 2/1 units. Cash flow is $170 with PMI, $240 after PMI is removed