Is this a good deal?

[Franky Maslim]

Hey guys,

I wanted to get your opinion on a duplex that I'm looking at. Below are the numbers that I'm crunching.

The seller (motivated) is willing to chip in $15,000 for the 2-car garage rehab. So the final price may be down to $54,000 (say I'm going with the listed price for this analysis' purposes) - and it'll also affect the CoC number if we take the $15,000 into account

Price		$69,000
Rent (estimated)		$1,339
Rent/Price Ratio - 2% Rule	1.94%
Income	Rent	$1,339
Expenses	Loan payment	($270)
	Property Tax	($221)
	Property Insurance	($117)
	Asset Management Fees	($141)
	HOA	($120)
Investment (Total)		($29,285)
	Down Payment	($13,800)
	Rehab Estimate	($11,000)
	Loan Fees & Costs	($1,035)
	Acquisition Fee	($2,415)
	Closing Costs	($1,035)
Other Costs (Total)		($6,880)
	Maintenance Reserve	($1,000)
	Stabilization Estimate	($1,824)
	Prepay Tax & Insurance Estimate	($4,056)
TOTAL INITIAL INVESTMENT	($36,165)
Monthly Expenses		($869)
Monthly Cash Flow		$470
Total Cash Flow		$4,230
Cash on Cash Return		11.70%