Should I buy this property??

[James Allen]

Hello BP Community

So I've come across this out of state property I'm prepared to make an offer on. Wanted to get your thoughts on it first. 

Property Type: Duplex

two 3 bed 1 baths just over 1,000 sq ft. each. 

Neighborhood: C

Rental Income: $1400/month

Property Management: $204 (8% plus leasing fee and renewed leasing) 

Cap Ex: $140

Maintenance: $70

Vacancy: $140

Property Taxes: $28 (current taxes, will probably rise) 

Insurance: $78

Mortgage: $402/month (currently pre approved at 4.875%) (pretty sure I can shop and get a better rate)  

Travel: $50 (Freedom to travel every 4-5 months should I need to) 

Utilities: $0 (Tenant pays all) 

• Water/Sewage: $0
• Gas: $0
• Electricity: $0
• Trash - $0

Total Expenses: $ 1116/month

Cash Flow: $284/month

Possible Maximum offer: $95,000 (I will obviously initially offer lower) 

Downpayment: $19,000

Closing Costs: $4,000

Repairs: $10,000 (Paint, Cleaning, potential HVAC installation, couple new windows) 

Total Investment: 33,000

Annual Cash Flow: $3,408

COCROI: 10.3% 

Please let me know your thoughts?