How to know if a duplex cost too much?

[Son Phan]

Hi everyone,

First post and first time investor! I am looking to buy a duplex with a FHA loan as owner occupied. My agent has sent me a few properties but in my area in FL it's around 350-400K For a duplex. The area I am buying in is only growing and tenants are plenty. Also one property that I am interested in is a spacious triplex that is 400K.

I am curious how much price matters for the first property or if as long as numbers work out then it is okay? As far as numbers, I currently pay $1400 And I make $75K a year and will have about $25-30K for FHA down payment plus closing cost once I sell my car. It seems for most on here a FHA duplex most likely won't produce cash flow first year but what is the least that is acceptable as far as out of pocket payment? It seems if I pay $500-800 it's still a lot better than $1400?