Duplex in Dallas Area

[Lance Wakefield]

I am looking at a duplex in the North Dallas area. I would buy for $50,000 then rehab for $15,000 

It would be around 1100 sqft total space or 525 sqft per unit plus 50 sq for laundry and utility (shared) 

We would be renting for $700 a month per unit

I would buy cash and mortgage out after rehab. 

Monthly

Mortgage $280

Taxes $180

Vacancy $65

Repairs $104.00

CapEx $104.00

Insurance $50.00

Management $130.00 (this cost wouldn't be incurred but we budget for it for future)

Total $926.95

Monthly Rent $1400

Cash flow $474

those are the numbers I was looking at, I think!

I am curious if this is a decent deal? How much a bank would usually lend on the property if the market value was 100k? Any other advice etc anyone would recommend?