Finally purchased my first duplex!

[Mark Frattini]

After a few years of reading, researching and listening to podcasts I finally purchased my first investment property in Michigan. Below is my analysis on this duplex. Please let me know your thoughts and if I missed anything. Purchase price: 35,200 Repairs: 3,250 Duplex b-/c+ neighborhood Yearly PITI: $2,952 Water: $1,200 Electric: $720.00 Property management: $1,320 Maintenance: $1,200 Vacancy: $1,200 CAPEX: $1,020 Total expenses: $9,612 Gross income: $12,000 NOI: $2,388