Need help analyzing a rental property!! Any advice will help

[Raymond Santos]

I am looking at this property in Orlando Fl for my first rental I keep analyzing but I just want to make sure that I am plugging these numbers right. Here’s my deal:

Duplex

Price: $310,000

Fha financing 3.5% : $10,850

Interest rate of 3.5% might be under 3

Closing cost at 3% : $9,300

Rental gross income monthly : $2550

Taxes : $3,360 year

Insurence : $2,400 year

Maintence at 10%: $3,060

Capex at 10% : $3,060

Property management at 10% : $3,060

Vacancy at 7% : $2,178

COC : -12.9%

Total Roí : 15.2%

Net income (cash flow) monthly: $-2,592

Principal paydown $5,652