My First Analysis: Duplex in Mpls

[Eric Bate]

Hey Guys!

This is my first time posting an analysis on here, so please let me know if I'm on the right track.  It's for a duplex that I plan to live in, but in my calculations I'm renting every unit (so, as if I've moved out already).  Should I instead only calculate for the unit I plan to rent out?

Asking Price: $159,500 (=$31,900 @20% downpayment)

Total Rent/mo (est. according to Craigslist and Rentometer): $2,000

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Principal + Interest (@20% down, 20yr fixed, 3.54%) = $743/mo

Property Tax = $213/mo

Insurance = $45/mo

Vacancy+Maintenance+Management (I'm guessing 25% of rent) = $500

Total Expenses = $1501

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Cap Rate = (2,000rent - $500vmm) x 12mo / $159,500 = 11.3%

CoC = (2,000rent - $1501expenses) x 12mo / $31,900 = 18.8%

So, how am I doing?