Duplex Deal Analysis

[Rick L.]

I'm trying to grasp all the concepts on here and apply them when considering my next property purchase. So, here it goes!

Also, numbers have been slightly rounder higher to add some cushion to the expenses. This is a very well maintained 68 year old duplex with about 2600sf in a B++ part of town.

Asking price: 215,000
Purchase price: 200,000

Gross Rents: 1690/month;815 upper & 875 lower (vacant)

P&I: 716 (25% down;30 year fixed @ 4%---verified from banker)

Taxes: 256 (disclosed by seller)
Insurance: 140 (asked insurance agent for ballpark quote)
PM: 170 (assuming ~10%)
Vacancy: 237 (assuming 1.5 mths rent)
Repairs: 170 (assuming ~10%)
Sewer: 38 (disclosed by seller)
Water: 40 (disclosed by seller)
Trash: 34 (disclosed by seller)
Lawn/Snow: 30 (disclosed by seller)
Subdivision Fee: 3 (~$25/yr disclosed by seller)

Total: 1118

NOI: 1690-1118=572

Cash Flow: 572-716= -144

Does this seem accurate? I really like the property, but I hate the numbers if this analysis correct! I would greatly appreciate any input!