Analyzing a Duplex in Wisconsin

[Jason Goslinga]

I am looking at my first duplex.  Asking price is 134K which is right in line for other duplex in the area.  2 units, 2BR/1BA each unit.  Rents for $700 each unit which is slightly below market rent which is around $750.  Tenants pay for all utilities and also mowing and snow removal.  Long term tenants.   One tenant was in upstairs apartment for 17 years and moved downstairs 2 years ago and that is when upstairs was remodeled.  New roof 2016.  New water heaters.  Slightly older furnances but working great right now

Here are my calculations - let me know if I am far off

 Monthly rent  1400

Costs 

Vacancy 5%  -                  70

Property Tax -                  258

Insurance -                       125

Maintenance 5%              70

CAPEX 5% 70

*Mortgage                          567

*Trying to stay under 125K for purchase.

30 year mortgage with 20% down @ 5.5% interest

TOTAL CASH FLOW    $239 a month or 2866 a year

25k investment so 11.4 COC return? Am I seeing everything correct?

Really well taken care of property with some long term tenants currently renting which are making me like this property.

Any thoughts?

Thanks
Jason