Duplex investment analysis

[Patrick G Ndouniama]

Hi All,

I am new on BiggerPockets and was looking for some feedbacks on on an investment property I am looking into. I have been navigating the website for the past few days and it looks like there is a very knowledgeable community, hopefully you guys can help me here.

So I am looking at a duplex 3be/2.5ba each unit.

The current rent for each unit is at $1400 and I think it is under market, it could probably rent for $1500-$1600. The asking price is 379k but after talking with the listing agents it appears that the seller is really motivated and I think it is possible to get it at 320k.

In that case my basic expenses + mortgage would look like this = mortgage + taxes + property management (7.5%) + vacancy (4%, vacancy is very low in the area) + insurance + garbage (sewer/water paid by tenant) = $2125. That based of the $1400/unit rent (that potentially could be increased) leaves me with $675 for the maintenance/repairs + cash flow.

So far this is the best deal I have been able to find in the area. I wanted to have some feedbacks from people who have more experience dealing with duplexes. Do you think this a good deal? Do you think I will be able to create cash flow? Do you think I will end up loosing money on this deal?