Analyze my Duplex deal 335k (seller 5k in closing)

[Julian Hutch]

I m in the process of closing on my 1st duplex!! I m looking to get some feedback and see where my potential shortfalls could be. Currently both units are on a month to month and are renting out for 1200 apiece. Even with me assuming 20k to fix some things I was being conservative with keeping the rent at 1200 at least for the 1st 6months or so. Rentometer says average rent for 3 bedroom is 1621. I will be handing the property management so no fees there. Again please ask questions and point out any underestimations and tips. I.E with the kitchen cabinets could I just get new counter tops and cabinet doors without all new cabinets? Is Allure Vinyl the best flooring choice? What small upgrades are the biggest return on rental units.

[Scott Weaner]

Cash-on-cash ROI 2.8%? That sounds really bad to me. I am getting about 13% on my similar duplexes.