Live in Duplex analysis

[Pete Krentz]

Hi All,  I've never used this analysis forum before and thought I'd give it a try.

I'm looking at buying a duplex and living in one of the units while renting the other.  The unit is in a great part of town (Sioux Falls) and is relatively new (2007). The units are in good shape and can basically be rented immediately.

Here comes the number dump.
PP - $219,900

DP - ~5% - $11,000

Mortgage - $13,75 (which will be less while I live there as taxes will decrease)

Rent $950-$1,000

Vacancy - 10% - 1140

GOI - $10,260

Insurance - $800

Repairs - $1,000

Advertising - $100

Expenses with the loan / month are about $1535

Total expenses  including loan 18,400

Now obviously when I live here I'm (losing money) as I'm paying to live there which is fine with me as it costs about the same as it would to live in my current house (which I'll also be renting out).

After I move out I will rent both sides. for about $1,000 each making the GOI - 21,600 leaving about $3200 or 266.66/ month

Thoughts?