Milwaukee Duplex - Are my numbers accurate?

[Douglass Belt]

2/2 BR Duplex, $150,000 sell price

* Rents $800/month=$1600/month both units

Expenses:

Mortgage ($150K @5%-budgeting high) $853/month

Taxes-$333/month

Lawn/Snow $45/month

PM-$$160/month (10%)

Utilities-Tenant pays all

Insurance $100/month

Garbage $30/month

10% vacancy (1,920)

Total Expenses $1473/month

Income $1600

Net income  -$33.50/month. loses money from what I can see. Any thoughts on what I am missing?

Thanks!

[Ramon Jenkins]

Not to be mean or disrespectful :

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Go to a window

Open the window and smell the Badgerland fresh air.

Take your money and everyone in the room cash and throw it out the window.

That what is going to occur for $150,000 in Washington Heights 

Neighborhood/ zip code 53208.

Basically $150,000 would be Retail pricing versus investor deals in zip code 53208.

Please add extra monthly percentage for Capex ( property age via Washington Heights )

Only my two cents