Help analyzing this deal

[Jason Muenchow]

Thank you for taking the time to read my post. My wife and I are purchasing a duplex and I was wondering if anyone was willing to critique the deal. The basics: 
Purchase price - 175k
Gross rent - 2000/month
Taxes - 2300/year
Insurance - 2000/year
Down payment - 20%
Rehab to property - 10 - 15k
Building is a 1 story block duplex.

Please let me know your thoughts. Any feedback would be appreciated and have a wonderful day.

[Will Barnard]

You are basically buying this (including rehab) at around 1%. (The gross monthly rents are 1% of purchase plus rehab). That typically equates to break even or even a negative cash flow. True cash flow comes from buying at steep discounts and/or from value add plays (increasing income, decreasing costs, improved management, etc).

Your numbers on this deal do not look attractive. That said, I don't know your area or your strategy/goals so there could be another play here but from a straight cash flow perspective, not a winner.