First investment property analysis - duplex

[Bobby Larsen]

My goal for now is cash flow buy and hold. I like the idea of the brrr however at this time in my life it’s not feasible to do remodel. I am under contract at $125k for duplex that currently gets $1750 per month gross rent. Because I will not be living there I need put 25% down. Taxes insurance P&I cost about $950/mo. One side is about to vacant and will need approximately $2000 for painting/wall repair and a good cleaning. I have had professional inspectors(General home, under slab plumbing camera/and termite) come and they did not find any major problems. The neighborhood is full of duplexes and not many single family homes. What do you guys think?