Putting an offer in tomorrow on my first rental!!

[Dusty Warner]

So, I think Im going to put an offer in tomorrow!! I found a duplex built in 2003, List price is $110k but has been on the market for a couple of months now. I crunched the numbers and if I buy at 105k and put 17k in repairs and rent it at a total of $1300/month
cashflow=$5634
cash ROI=13.87%
total ROI=16.78%
CAP=10.17%
COC=13.868%
Seems too good to be true, so Ill keep yall posted!