deal analysis - duplex for $111k

[Paul Nagy]

Hello everyone! I think what I found to be a good deal but need more advice from the "pros."

Lawrence, KS (college town; University of Kansas) Asking price $125k

Side by side 2bd/1bth each with 1 car garage. Built in 1967

Each unit rents for $625 and both are currently rented.

No major maintenance or repairs needed at this time.

Estate sale and duplex has been on the market for over 6 months.

Planning on offering $106k and final/best offer would be $111k

Approved with 20% down at 3.75% interest rate for 30 years

At $111k PITI would be $575 per month.

Thanks & any thoughts/advice would be greatly appreciated!!