House hacking a duplex in Wilkes-Barre PA?

[Antonio Boone]

Hello BP,

I am looking to purchase my first home in Wilkes-Barre PA a Duplex.

The home is a foreclosure the bank has agreed to sell the home at 65,000.

I will be putting 10% down and my lender will pay the closing cost. My interest rate is 4.785.

The thing that I don't like about the house is the taxes and the insurance.

Taxes for the house are listed at $ 3,568.94 and I received a home insurance quote of $ 1,447.

Purchase price: $ 65,000

Down payment: 10% $ 6,500

Interest rate: 4.875

Taxes: $3568.94

Insurance: $ 1,447

Monthly payments: $ 745

I will be living in the house on the right side and plan to rent the left side. The house is in excellent condition, The electric and water was on when I walked through the house. The only thing I will add on the home is a 2nd bathroom on the left side sometime down the line.

I plan to rent the left side of the house for $750.

I was hoping to get some feedback from the BP community.

Additional details can found here:

http://www.flexmls.com/share/Gbhu/499---501-FRANKLIN-ST-S-Wilkes-Barre-PA-18702-http://www.realtor.com/realestateandhomes-detail/4...

Let me know if there is any more information i can provide.

Thanks!