Opinions? First deal

[Cameron Mitchell]

Hello BP!

I need some advice. I have an offer in on my first deal and the inspection periods ends on 2/4/21

Details of the property: Its a duplex for 135,000 I plan on house hacking it for one year and then moving out. Its a conventional loan with 15% down, 3.5% on interest, and low closing costs. Total money down 35,000 including some repairs. 

Expenses: 

Loan - 950

Insurance - 175

Vacancies - 90 ( 5% ) 

Capital Expenditures - 90 (5%)

Repairs - 90 (5%)

Total - 1,400

Income - 

Bottom Unit : $1000

Top: 700-800

Possibility to make it into a triplex and collect another 500-800 down the road. 

Cash Flow - 300-400

ROI - 10% - 13.7%

Cap Rate - 2.6% - 3.7%

This is my first deal and I would love to hear peoples input. I am very nervous about the deal.  The address is 1521 Garfield Court, Saint Cloud, MN if you want to see it. I don't think the house will need more than 10,000 just windows sooner than later, paint, flooring. I would love to hear peoples advice and what they look for when running numbers/buying a property. there are currently already tenants in the bigger unit paying 1000 on a month to month lease I might try and increase that. I know there was an issue with the roof but the insurance company took care of it.