First real estate investment

[Kevin Chhum]

I'm moving forward on purchasing a duplex. But I want to know some of your opinions.

Here is the break down from my agent. 

San Diego, california.

Purchase price: $328,000 (this includes my closing costs as well!)

Mortgage: $2,077/month

Rent collected: $2000/month ($950 and $1050)

Difference: $77/month which I will be paying monthly.

Tax Benefit: $440/month

Principle pay down: ~$500/month

So it will cost me $77 a month to cover the mortgage, BUT you get the tax benefit of $440 per month.

Is then a move forward deal.

From the looks of it there will be no cash flow. But will there be cash flow in a couple years?