First Deal - Decatur GA Duplex (Need Advice)

[James Allen]

Hello BP Community,

I have my first property under contract. It's in a good neighborhood in Decatur (30032). It's in a highly appreciating area but from the inspection we got bad news that the electrical needs to be fixed which got quoted at $5,000-$7,000 that I wasn't expecting to do. It's now a bit below my desirable COCROI but I feel it has a lot of potential for appreciation over the next couple years with the neighborhood trending towards a B from a C+. My due diligence ends tonight 9pm PST so I'm looking for some final thoughts if I should stick with the deal or leave it behind. 

Address: 1194 Weston Dr. Decatur, GA 30032

Purchase Price: $91,000

Property Type: Duplex

Unit 1: 3 Beds, 1 Bath

Unit 2: 2 Beds, 1 Bath

Total Sq ft: about 1,886

Sq Lt. 1/3-1/2 acre (In a hurry and forgot the exact number)

Yr Built: 1966

Rental income: 1550 ($850 for the 3 bed, $700 for 2 bed) (Am I off on this estimation?) 

Property taxes: 134 

Insurance: 48

Cap ex: 155

Vacancy: 155

Property management: 230 

Maintenance: 75

Misc: 75

Mortgage: 385

Utilities: 0

Total expenses: 1257

Cash flow: 293/month

Down payment: 18200

Closing costs: 3000 (Seller contributing $1000 of the $4000)

Repairs: 25000-27000 (Quoted by GC)

Total expenses: 48200

Annual cash flow: 3516

Cocroi: 7.3%

Any advice would be great! Thank you