Duplex Deal????

[Thomas Brady]

Hey BP, 

I posted last month about a Duplex on the market for 280k that produced $1,250 on each side in a C or C+ location, definitely trending up. I am certain I can bring in $1,300-1,400 in rent, but I am sticking with $1,250 to be conservative 

Anyway, the price has dropped down to 240k and my target price of 210-220k is looking possible.

I am putting 5% down and living there for the first year (the numbers are for when I move out) 

Some quick numbers. 

Total Rent: $2,500

PITI: $1450

Vacancy: 10% 

Maintenance: 10%

Cap Ex: 10% 

Total Expenses: $2,210

***Note: I have reviewed the 1040 Schedule E, and the reported expenses were not even close to the numbers I am accounting for, but I'm sure it will go up as the structure ages. built in 2002

So by my math, I should cash flow around $290/month. 

Does anybody see anything else I should be looking at, or does this deal check out as a good deal.