Duplex Portland Maine

[Lisa Sessions]

Hi looking at a duplex in Portland near rosemont neighborhood List: $320,000 Rents:$1200/unit Tenant pays all utilities, plowing and lawn care Fully rented Good condition but in future 5+ years will need a roof Taxes: $4300/year Vacancy rate is 5% for the Portland Area I'm thinking of offering $300k, I'll put 20% down (or partner if needed) My analysis $240 month for Maint/cap ex $1618 PITI $120 vacancy If I manage myself I'll cash flow $422 or $211/unit Or: $192 (8% property management) I'll cash flow $224 or $115 if managed by a professional What am I missing? I don't have all of the $60k so that's the next step... Another question how much do you keep in reserves for a place like a duplex?