First Duplex opportunity - Please analyze - Buy and Hold

[Michael Baradell]

Hey guys,

I have an opportunity to purchase my first duplex. I would like to see what the pros think of the deal.

Breakdown:

Purchase price $150K. Seller Financing Monthly payment around $1,350

Rental $900­ and $950 month

Average Electric $84.00­$109.00

Gas Available/Optional

Sewer & Garbage $$80.00

Taxes

2010 $1465.00

2011 $1473.00

2012 $1470.00

Tax assessed value $170,081.00

Insurance

Home Owners $1800.00

Flood Insurance $1900.00