Duplex in Georgia Advice

[Paul Smythe]

I am negotiating a purchase for a duplex in Georgia and was hoping to get advice from others who have invested in duplexes before. The basic numbers are the following:

115k total purchase price (including all costs)

~$4k down (FHA Loan)

~$525/month loan

$750/month per unit (one unit is occupied)

I will be living in the other unit as my primary residence, so my income before maintenance is ~$125. Because I would be living in a unit I essentially won't have to pay a mortgage, so the slim margin will be fine for my purposes.

Obviously I don't expect any in-depth advice based on my property because I haven't  given much info on the area or building itself. What I will say is it is in an area that appears to be on the way up so I would expect appreciation.

If you saw these numbers, is this something you would pursue further? I have the income to cover the loan if the tenant moves out.