Analyzing first duplex

[Arthur Clark]

Hello all,

I would like to hear what you would do in this situation. Currently I am looking to purchase my first rental/owner occup duplex by end of year. Since this is my first I am not sure if I am over analyzing. My realtor Mike Love of Keller Williams has been great but it is my final decision to make.

Using @Brandon Turner four square property analysis method I am considering a duplex that rents for $600 per month currently. I have attached a copy of the worksheet. Page 2 is the numbers I am using to evaluate which includes $1200 monthly income ($600 from the tenant + $600 from myself).

Units are metered separately and rents in this area range from $575 to about $650.

Would you consider this an okay starter property? Are there other analysis/calculators I could try before making an offer?

I welcome any input.

Thank you in advance!