Analyze this duplex with me in

[Christopher J Lemmon]

Here is potentially my 3rd investment property purchase. A duplex that is currently rented.

Price $83,000

Rents $575x 2 = $1150

Down payment = $20,750

Inspection = $450

Appraisal = $450

Title =$1200

Insurance = $1100

Loan Org. = $1000

Seller concessions = $1500

Total all in = $23,450

Monthly costs

Management = $115

Cap Ex = $100

Repairs = $50

Taxes = $107.5 $1290/year

Insurance = $92. $1100/year

Vacancy = $92

Principle & Interest = $340

Total monthly costs = $896.50

Cash flow = $1150-896.5= $253.50

Per unit cash flow = $126.75

Cash on Cash return = $253.50x12 / $23,450 = 13%

Cap Rate = $7122/$83,000. = 8.6%

Would you take this deal?

Thanks for your comments or questions!