Thoughts on these numbers...

[Richard Burke]

Duplex

Asking 169k

#1 - 3/1 - $1050/mo

#2- 2/1 $800/mo

Income = 22,200/yr

....

Expenses: (Tenants split water bill)

PITI: 1003/mo = 12036/yr

Repairs 185/mo = 2220/yr

Vacancy 185/mo = 2220/yr

Lawn 85/mo =    1020/yr

Optional - PM 185/mo = 2220/yr

Total expenses 1643/mo = 19716/yr (this includes the PM fee and lawn service)

Cash flow = 207/month  = 2484/year

w/o PM = 392/month = 4704

If I wanted to really cut costs I would self manage and do the lawn.

Thoughts?